The Dow Industrials have pared early losses and are currently up 11 points at 11,093, after the Conference Board a short while ago said leading economic indicators rose 1.4% in March, faster than the 1.1% that analysts were expecting, and ahead of the 0.4% rise in February and 0.6% rise in January.
January and February numbers were also revised upward, the Board said.
Seven of the top 10 indicators rose in March, including interest rate spread, average weekly manufacturing hours worked, supplier deliveries, stock prices, building permits, the decline in initial weekly unemployment claims, and new orders for consumers goods and for materials. Negative indicators were real money supply, new orders for nondefense capital goods and consumer expectations.
“The indicators point to a slow recovery that should continue over the next few montshConference Board economist Ken Goldstein remarked. “Strength of demand remains the big question going forward.
The S&P 500 is up 1.4 points at 1,194.
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