Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Stocks continue rally

UPDATED at 12:25 p.m.

Stocks are hitting their highest gains of the day, continuing a big surge out of the gates as trading began on Wall Street this morning.

As of 12:25 p.m., the Dow is up 1.3 percent.

The broader S&P 500 is up by about the same amount, and the tech-heavy Nasdaq is up 1.6 percent.

Stocks jumped out of the gate this morning as traders anticipated data on pending home sales and a widely watched index of U.S. manufacturing that came out at 10 a.m.

The data -- pending home sales surged, manufacturing retreated -- tamped down the opening gains a bit.

But since then, the rally has escalated throughout the day.

Today's surge is a good start to what -- over the past 100 years -- has been the stock market's best trading month, as I wrote this morning.

-- Frank Ahrens
Sign up to get The Ticker on Twitter

By Frank Ahrens  |  December 1, 2009; 12:25 PM ET
Categories:  The Ticker  | Tags: Dow Jones, nasdaq, s&p 500  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Highest pending home sales since March 2006
Next: Comcast-NBC Universal: Same old media merger, or something different?

No comments have been posted to this entry.

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company