Stocks continued their rally on early Monday (August 3rd) morning trading. The Dow Jones is up almost 80 points, up to 9,250, while the S&P jumped nearly ten points to 996. The Nasdaq is up more than twenty points to 2,000.
The dollar index and treasuries were down, however, gold and oil futures were on the rise on the latest higher price commodity forecast.
Recently, Fed Chairman Alan Greenspan said he thought the economy had already bottomed out, attributing industry weekly production figures being up as good indicators. Greenspan's main concerns were over the stabilization of home prices, saying that the economy could take another turn for the worse, if home prices begin to plummet again.
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