Daily Investment Interpretations
June 11, 2010
Stocks rose modestly in late trading today in the face of mixed news: Retail sales fall for first month in eight,
Consumer sentiment rises,
and Bulls shake off doldrums
The NASDAQ Composite advanced 24.89
to close at 2,243.60, the Dow toddled up 38.54
to close above
10,000, at 10,211.07,
and the S&P 500 climbed
to end at 1,091.60.
Oil ended at $74.23 a barrel, while Gold closed at $1,228. The VIX
to 28.79. .
The markets don't seem to have sweated the Bleak Friday's a day away. .
The markets built upon yesterday's gains, though only pallidly.
Consumer confidence rose last month, but consumer spending fell 1.2%, confounding predictions for an 0.2% gain. Corporations are sitting on unprecedented levels of cash. Clearly, corporations are worried about the European debt crisis, and about the potential for a double-dip economy. And this means that, optimistic talk to the contrary, corporations aren't going to do much hiring until they feel it's safe to go back in the water..