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Post Info TOPIC: Stocks Rise on Pending Homes Sales & Manufacturing News
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Learning to Fly

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Posts: 49
Date: Nov 2 11:23:55 2009
Stocks Rise on Pending Homes Sales & Manufacturing News


After we were slapped hard on Friday, with stocks taking a massive dive, the market rebounded on Monday (Nov. 2nd).  The recovery is being attributed to the latest reports on manufacturing and the latest housing data

The latest report shows that manufacturing grew at its fastest pace in more than three years and, at the same time, beat analyst expectations.

For the eighth consecutive month, pending home sales jumped more than six percent in September.

The latest news sent the Dow up more than 120 points in early trading. 



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