Consumer Data Lifts Stocks

Consumer Data Lifts Stocks (Bloomberg)

Following two days of decline, stocks rebounded today on the back of the best increase in household purchases in three months. “It’s been a choppy market,” Mike McGarr, a portfolio manager at Becker Capital Management Inc. in Portland, Oregon, said. “There has been a very noticeable change this month, away from those sorts of high flyers, and back toward value. It’s nice to see the market coming back to more fundamentally real stories.”