Thursday, March 26, 2009

Stocks rise on fresh economic, corporate data


NEW YORK (AP) -- Wall Street is extending its gains as an upbeat profit report from Best Buy Co. and new unemployment numbers add to a sense that the economy might be finding its footing.

Stocks have wavered in their advance Thursday. But the give-and-take isn't surprising for a market that has surged about 20 percent in 12 days.
The report from Best Buy boosted hopes that shoppers could show more resilience than some analysts had expected. Weekly unemployment claims gave mixed signals about the economy but support a growing notion that the economy might be showing signs of stabilizing.

No comments:

Post a Comment