Stocks posted solid gains again during the U.S. trading session. The primary
index composites notched higher once again and closed out the session on the
positive side of break-even once again. Officially, the Dow Jones Industrial
Average closed out green by The U.S. indices moved higher during the session as
investors felt more confident that the Central Banks would work collaboratively
to support the eurozone, specifically Greece, with its debt problems. The hopes
of the bailout are helping to keep investor optimism higher. Economic data
posting in the U.S. last session was mixed. Housing starts data posted at a
seasonally adjusted rate of 571,000. This rate was lower than what most
economists had anticipated. On the flip side for the housing market, permits
posted higher than what most economists had anticipated. Permits posted at an
annualized rate of 620,000 which was about 35,000 better than what was expected
for August.
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