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Stocks rally on Monday with the Dow closing at a two year high. Reports credit the jump to growth in the manufacturing and construction sectors that boosted investor confidence. The market continued to rise early Tuesday morning as the Commerce Department reported November factory orders rose 0.7%. This number far exceeded the predicted decline of 0.3% by analysts. After several hours the market has pulled back as investors cautiously await the release of the Federal Reserve’s minutes from their latest meeting due out at 2 p.m. Investors are anxious for the Fed to reveal their perspective in the ongoing economic recovery and question the confidence the Fed has with the current economic plans. With mixed sentiment, many investors continue to debate the long term affects of the stimulus plan and report concern over the recovery of the economy as well as concerns over a sluggish job market. Investors also eagerly await the governments job report due out on Friday. At mid day the major market indexes are all in the red. The DJIA is down 9.08 points or 0.08% to 11661.67. The S&P 500 is down 6.23 points or 0.49% to 1265.67. Nasdaq is down 22.35 points or 0.93% to 2669.24. The Treasuries 10 year yield is down 0.03 to 3.31%. Oil is down 2.28 to $89.27 a barrel. The dollar is up 0.0021 to the Euro at $1.33. Author: Pamela Frost
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