Stocks moved higher yesterday due to many good news such as E*Trade acquisition of Brown Co, great earnings from PepsiCo and Red Hat, and future energy prices are in check. The end of quarter window dressing may have played a part of it as well. The question is will the market follow up with another good day. This will prove to me that the market could be on a rally mode. The market however will open lower due to personal income (-0.1%) and spending (-.5%) number. Economists were expecting incomes to rise 0.3% and for consumer spending to fall 0.2%.

This entry was posted on Friday, September 30th, 2005 at 9:13 am and is filed under Opening Bell, Stock. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.