Posted AT 4:12 PM EDT on 01/10/03
U.S. bulls playing the numbers game
A day after weaker than expected news from the Chicago purchasing managers index and a U.S. consumer confidence survey, the major markets were back on an optimistic footing thanks to the national supply managers' survey, despite the fact that it was also weaker than expected. Why the positive reaction to a report that was arguably negative? Because it wasn't as negative as some feared it might be -- and that says a lot about where the markets are right now vis-à-vis the U.S. economy.
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| Market | Change | Value |
|---|---|---|
| Data delayed 20 minutes | ||
| S&P/TSX | +156.14 | 14,984.20 |
| DJIA | -5.86 | 12,986.80 |
| S&P 500 | +1.78 | 1,425.35 |
| Nasdaq | -4.88 | 2,528.85 |
| Stock Profile | Sponsored by: |
|---|---|
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