Markets Up on Good Data

The stock indexes are just barely in the green today. We had some good economic news this morning. Initial jobless claims fell to 311,000. That’s one of the lowest numbers in the last six-and-a-half years.

Also, Q3 GDP was revised higher, from 2.4% to 2.6%. Remember that this is rather dated info; Q4 began six months ago and ended three months ago.

Wells Fargo ($WFC) got off to a good start today. The shares came close to hitting $50 but have since backed off. The bank announced a big 16.7% dividend hike yesterday.

Posted by on March 27th, 2014 at 10:54 am

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