The Dow Jones Industrial Average
In other news, Apple
A number of economic reports in addition to the Case-Shiller Index showed promising signs. Personal income grew by 0.5%, slightly higher than expected; the Chicago PMI registered 1 point ahead of expectations at 53.7, and consumer confidence rose for the first time in five months, up to 65.9 from 62.7. Analysts had been expected a reading of just 61.0. Investors seemed unfazed by the good news, however.
Looking ahead to tomorrow, market-watchers will hear updates on construction spending, vehicle sales, and the all-important Fed announcement at 2 p.m. ET on whether there will be another round of quantitative easing.
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Fool contributor Jeremy Bowman owns shares of Apple and Cirrus Logic. The Motley Fool owns shares of Cirrus Logic and Apple. Motley Fool newsletter services have recommended buying shares of Apple, Home Depot, and Pfizer, creating a bull call spread position in Apple, and writing covered calls on Lowe's.
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