Wall Street's wild ride may calm down a bit today, following the huge Thursday rally prompted by the latest proposed solutions to the European debt crisis.
The Dow remains on track for its best monthly percentage gain since January 1987 and its best-ever monthly point gain, while the S&P 500 is on course for its best monthly percentage gain since October 1974.
But it's also important to note that October's huge gains haven't quite yet made up the third quarter's losses.
The week will end with a handful of economic reports: the government is out with personal income and spending figures for September at 8:30am ET.
Economists predict a 0.3% increase for income and a 0.6% jump in consumer spending. In August, income had been up 0.3% while spending fell 0.1%.
At 9:55am ET, the University of Michigan's October consumer sentiment index is seen rising to 58.5 from September's final reading of 57.5.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment