Dow up nearly 200 points as data calms fears
Dow up nearly 200 points as data calms fears
NEW YORK (Reuters) – Major U.S. stock indexes rose more than 1 percent on Wednesday, after strong economic data calmed recession fears and helped halt a two-day sell-off.
Source: feeds.reuters.com
Shallow first-half recession seen for U.S. economy
SAN FRANCISCO (Reuters) – A recession looms for the U.S. economy in the first half of 2008 due to faltering consumer spending and nonresidential construction, which have so far helped offset the housing slump, a report released on Wednesday said.
Source: feeds.reuters.com
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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