U.S. stocks gained in the first market activity since Hurricane Irene swept the East Coast, with favorable economic data helping investors mirror the positive tone in European markets.
The Dow Jones Industrial Average rose 168 points in early action, or 1.5%,Front & Rear Rechargable Bicycle front light. to 11453, led by Bank of America, which added 3.5%. The Standard & Poor's 500-stock index gained 19 points, or 1.6%, to 1196, led by financial and energy stocks. The Nasdaq Composite rose 38 points to 2518. Volume was expected to be light as many market participants faced a daunting commute after the storm downed power lines, created floods and limited transportation in several states including the tri-state area.
Before the open, stock futures added to early gains after government data showed that Americans increased their spending in July by much more than expected, a surprising sign of strength for the economy going into the second half of the year. Spending jumped 0.8%, the biggest gain in five months, while income rose 0.3% as wages and salaries grew. The saving rate slowed to 5.0%,With the help of led lights both a local electrician and a lighting consultant, she has recently installed a $5,000 LED lighting10 Apr 2011 – Magicshine MJ-808 Updated, MJ-808E Cree XM-L an indication people were feeling a little more confident in the economy.
The first moments of trading since the hurricane appeared to proceed smoothly. U.S. exchanges and regulators determined Sunday that they would open markets normally in the wake of the hurricane and flash flooding.
Though major urban centers including New York suffered less damage than feared, flooding was widespread and volume was expected to be light.
Many investors were still focused on a less-dire-than-expected assessment of the U.S. economy Friday by Federal Reserve Chairman Ben Bernanke. Speaking at Jackson Hole, Wyo.,Various Scuba diving flashlight at great prices for professional divers! the Fed chief stopped short of promising further stimulus measures, particularly a third round of quantitative easing to provide a further boost to a faltering economy.
European markets gained, with Greek stocks rallying strongly as EFG Eurobank and Alpha Bank were set to merge, as Greek banks battle the country's sovereign-debt crisis. Those bank stocks had been suspended by the Greek regulator pending details of the deal. The Athens ASE index surged 11%.
The economic calendar is full Monday, with data on data on pending home sales due at 10 a.m.OceanLED is by fluorescent lights far the most popular and most widely distributed marine lighting brand in the world EDT and a Dallas Fed manufacturing survey at 10:30 a.m. EDT.
In corporate news, a drug being developed by Bristol-Myers Squibb Co. and Pfizer turned in better-than-expected results in a major stroke-prevention study, boosting the drug's prospects in an emerging multibillion market for new blood thinners. Pfizer rose 2.7% while Bristol-Myers was up 1.6%.
The Dow Jones Industrial Average rose 168 points in early action, or 1.5%,Front & Rear Rechargable Bicycle front light. to 11453, led by Bank of America, which added 3.5%. The Standard & Poor's 500-stock index gained 19 points, or 1.6%, to 1196, led by financial and energy stocks. The Nasdaq Composite rose 38 points to 2518. Volume was expected to be light as many market participants faced a daunting commute after the storm downed power lines, created floods and limited transportation in several states including the tri-state area.
Before the open, stock futures added to early gains after government data showed that Americans increased their spending in July by much more than expected, a surprising sign of strength for the economy going into the second half of the year. Spending jumped 0.8%, the biggest gain in five months, while income rose 0.3% as wages and salaries grew. The saving rate slowed to 5.0%,With the help of led lights both a local electrician and a lighting consultant, she has recently installed a $5,000 LED lighting10 Apr 2011 – Magicshine MJ-808 Updated, MJ-808E Cree XM-L an indication people were feeling a little more confident in the economy.
The first moments of trading since the hurricane appeared to proceed smoothly. U.S. exchanges and regulators determined Sunday that they would open markets normally in the wake of the hurricane and flash flooding.
Though major urban centers including New York suffered less damage than feared, flooding was widespread and volume was expected to be light.
Many investors were still focused on a less-dire-than-expected assessment of the U.S. economy Friday by Federal Reserve Chairman Ben Bernanke. Speaking at Jackson Hole, Wyo.,Various Scuba diving flashlight at great prices for professional divers! the Fed chief stopped short of promising further stimulus measures, particularly a third round of quantitative easing to provide a further boost to a faltering economy.
European markets gained, with Greek stocks rallying strongly as EFG Eurobank and Alpha Bank were set to merge, as Greek banks battle the country's sovereign-debt crisis. Those bank stocks had been suspended by the Greek regulator pending details of the deal. The Athens ASE index surged 11%.
The economic calendar is full Monday, with data on data on pending home sales due at 10 a.m.OceanLED is by fluorescent lights far the most popular and most widely distributed marine lighting brand in the world EDT and a Dallas Fed manufacturing survey at 10:30 a.m. EDT.
In corporate news, a drug being developed by Bristol-Myers Squibb Co. and Pfizer turned in better-than-expected results in a major stroke-prevention study, boosting the drug's prospects in an emerging multibillion market for new blood thinners. Pfizer rose 2.7% while Bristol-Myers was up 1.6%.
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