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Inside Markets

Inside Markets

Switzer Daily
19 June 2009

Another great day on Wall Street, which will help the local market today, after the close news Google reported better than expected. Also some improving economic news helped the bulls.

The Dow was up 95 points or 1.2% to 8,125.
 
The Nasdaq went up 43 points or 2.7% to 1,670.
 
The S&P 500 rose 13 points or 1.5% to 865.

And while these are heartening results, these markets were higher in February this year and so we’re in the hands of surprise good or bad news.

On good news, JP Morgan Chase reported better than expected, joining Google as another star in a recession-bound economy.

On that subject, bad economic news actually got better with the Philly Fed survey reporting less economic contraction.

Have a great day,

Peter 

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