Wall St climbs as Fed sees signs of strength
stocks rallied on Tuesday, with banks and Canada Goose online technology shares leading the canada goose uk black friday way higher as stronger than expected retail sales and signs Canada Goose Jackets of easing canadian goose jacket in the euro zone were signals the global economy was gaining momentum. Federal Reserve said that recent strains on financial markets were easing, and the economy was moderately, though growth still faced significant downside risks. Canada Goose Coats On Sale The assessment of the economy expansion was canada goose outlet unchanged from the Fed January statement.
Equities rose slightly after the comments, with the Dow buy canada goose jacket and S briefly advancing 1 percent. Recently, Wall Street was unnerved canada goose clearance after Fed Chairman canada goose Ben Bernanke stopped short of giving a strong signal of more economic canada goose coats stimulus during congressional testimony.
Data in the United States once uk canada goose outlet again indicated a slowly improving domestic economy, canada goose store as retail sales recorded their largest gain in five months in February despite rising gasoline prices.
is picking up, with consumers showing Canada Goose sale a willingness and ability to spend, which canada goose uk outlet suggests that retail stocks will really be coming into the market, said David Joy, chief uk canada goose market strategist at Ameriprise Financial in Boston.
Joy, who helps oversee $571 billion in assets under management, added Canada Goose Outlet that the Fed was being bearish.
The Dow Jones industrial average was up 104.08 points, or 0.80 buy canada goose jacket cheap percent, canada goose coats on sale at 13,063.74. The Standard Poor Canada Goose Parka 500 Index was up 11.10 points, or 0.81 percent, at 1,382.19. canada goose black friday sale The Nasdaq Composite Index was up 29.63 points, or 0.99 percent, at 3,013.29.
Underscoring the upbeat sentiment, the CBOE Volatility Index or VIX, hovered near levels not seen Canada Goose Online since mid 2007. Its 14 day moving average is at its lowest since last June.
The S 500 index reached 1,385.18, its highest intraday level since June 2008, and the Nasdaq Composite hit 3,019.12, its highest mark since December 2000.
The cheap canada goose uk PHLX housing sector cheap Canada Goose index hit its highest level since May 2010, and a banking sector index was at a seven month high.
Euro zone finance ministers canada goose factory sale gave final approval to a second bailout for Greece, and a German index of analysts and investors sentiment rose much more than expected in March.
The European Union, the United States and Japan formally asked canada goose uk shop the World Trade Organization jacketstock to settle a dispute with China over restrictions on exports of raw materials, including rare earth elements critical to electronics makers.
Beijing said the export curbs were motivated by environmental concerns, adding that it would defend itself.
Shares of Molycorp, a rare earth oxide producer that owns a rare earth project outside of China, shot up 3.8 percent to $31.02. The company stock has seen daily moves of at least 4 percent more than a dozen times this year.
Despite the upbeat retail data, shares of canada goose clearance sale Urban Outfitters Inc dropped 5.9 percent to $27.76 a day after it said it expects margins to continue to be pressured.