Preliminary University of Michigan consumer sentiment improved slightly from 56.3 in February to 56.6 in March, above the forecast of a decline to 55.0. Although the reading unexpectedly improved, the level remains severely depressed with mounting job losses, falling home prices, and continued weakness in equities contributing to the pressures consumers are facing.
The Dow Jones Industrial Average rose 53 points (0.8%) to close at 7,224, the S&P 500 Index gained 6 points (0.8%) to 757, and the Nasdaq Composite increased 5 points (0.4%) to 1,432. Crude oil fell $0.78 to $46.25 per barrel, and gold increased $2.00 to $928.62 per ounce. For the week, the DJIA rose 9.0%, the S&P 500 Index gained 10.7%, and the Nasdaq Composite increased 10.6%.
Magnificent Seven Update
Weekly Analysis Of Magnificent Seven ETFs
Daily Update Of Open Positions...Stocks & ETFs
