Wall Street in in rally mode. The stock market is at its highest level in almost five years.
We’ve got the European Central Bank to thank for the recent rise. The ECB promises to “do whatever it takes” to keep the Eurozone together until it can get its economies in order. (The Eurozone is the group of 17 European countries suffering some serious financial problems.) That announcement, coupled with a strong weekly jobless report here at home, helped push all three major U.S. Stock Market Indexes (Dow, Nasdaq, S&P 500) up about 2% in today’s trading.
But can the momentum continue? We’ll find out early tomorrow, when the Labor Department releases the August Employment report at 8:30am ET.
Too bad I’ll be at school;)
Peace Love Profits,