Today Tuesday 3rd September
- U.S. stocks rose today due to the Institute for Supply Management’s manufacturing indexincreased to 55.7 in August, the strongest since June 2011, from 55.4 a month earlier. Readings above 50 indicate growth.
- Another reason U.S. stocks rose today was because report showed construction spending in the U.S. increased in July to the highest level in four years, which means the real estate business is doing pretty good along with the recovery of the housing market.
- Investors still fear of U.S. going into war with Syria, after President Obama announced that he will seek approval from Congress before taking military action
- We also have to keep in that mind that the big meeting for the $85 Billion stimulus named (QE) is coming up, September 17-18. This meeting will drop hints when the Fed decides to slow down the stimulus program.
Categories: Capital Markets