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Stocks Fail to Rise Despite Gains in Income, Sentiment

by devteam June 26th, 2009

Despite reports of higher income and improving consumer confidence, markets are off to a rough start on Friday morning with all three indexes in the red an hour into the trading session. Leading the decline is the 0.36% drop in the Dow to 8442, while

Stimulus Checks Boost Income in May, Savings Rate a 16 Year High

by devteam June 26th, 2009

Personal income levels advanced far more than forecasts in May, helping consumption see its first gain in three months, the Bureau of Economic Analysis reported. The rise in income is directly related to social security checks sent out in the month, so

Market Awaiting Consumer Data

by devteam June 26th, 2009

Steady gains in the S&P 500 yesterday managed to erase all the losses from earlier in the week. The index now stands 0.93% higher on the week, though futures are pointing to a lower open ahead of data at 8:30. Meantime, the U.S. dollar index is down

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