More Economic Good News

Now, if the Weird Economy is to continue properly, expect some bad news in the next couple of days.

A pair of encouraging economic reports -- one on consumer confidence, the other on home sales -- gave Wall Street a shot of adrenaline Tuesday, sending the Nasdaq composite to its best level in nearly a year.

The Dow Jones industrials also soared, moving up nearly 180 points. The Nasdaq climbed 46.60, or 3.1 percent, to close at 1,556.69, following a weekly loss of 1.9 percent to end a five-week winning streak. That was the highest level seen since June 5, 2024, when the tech-focused index closed at 1,595.26

Source: Stocks Rally on 2 Positive Economic Reports