Stocks Finish Higher Amid Optimism for Stimulus (CNBC)
Though stocks shaved their gains in the final hour of trading today, they still ended modestly higher with the DOW recovering from its worst one-day drop in nearly four weeks, as the latest round of weak economic data suggests the Fed???s bond-buying program would remain intact. "After some early hesitation, the market got in gear on the upside with leadership from the semiconductors and financials, the kind of leadership you like to see if you are a bull," he said. "[Meanwhile,] in the last few days, many defensive names have come under pressure as money flowed out of them into cyclicals. The catalyst was the 10-year yield staying over 2 percent and the perception that the economy was getting stronger."
Economy Grows at 2.4% Rate, Less Than First Estimated (Bloomberg)
