Stocks Rise as Dollar Advances on Optimism About US Economy
It's great to finish out the day with some upbeat optimistic news!!! The Associated Press reported that the Dow rose 190 points because investors viewed the rising dollar and falling oil prices as a positive sign for the economy. Click Here for the whole article.
Here are some of the factors that are being attributed to the upward move:
1. The dollar on better than expected economic data and the Fed's apparent resolve to monitor inflation.
2. Consumer spending rose .4% in March.
3. Manufacturing contracted less than expected.
4. The dollar's advance helped crude oil fall briefly near $110 per barrel to settle at $112.52
It wasn't all great news with a reported fourth month in a row of job losses but still, isn't great to get a break from the doom and gloom?
I think the positive news is really going to help properties move. People are always fearful to make a change in a volatile market.
How do you think this will effect the real estate market?
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