Home Inventories Plummet; Dow Soars

Stocks opened higher today on news that Fedex raised it expectations for the rest of the year.  Then just after 10:00 O'clock news came in that not only had home sales improved but they shot up an amazing 23% from May's 267,000. sales to 330,000. in June.  More startling news was that inventories of homes for sale plummeted from a 9.6 month supply all the way down to a 7.6 month supply.  The Dow shot up another 100 points on the news.