MORNING BUSINESS MINUTE, THURS. MAR. 2, 2006
By:
Updated: April 17, 2007
Consumer Spending increased % 0.9 percent in January -- the strongest gain in that figure in six months. Income also rose during the month, posting a gain of % 0.7, the best number in that indicator since September.
We also saw a strong ISM numbers -- showing manufacturing on the rise last month.
As a result, the Dow gained +60.12 (+0.55%) to close at 11,053.53. The NASDAQ rose +33.25 (+1.46%) to finish at 2,314.64. The S&P 500 rose +10.58 (+0.83%) to finish at 1,291.24.
Local stocks posted mostly positive results.
Tyson Foods (TSN) added +1.92% to close at $13.79. JB Hunt (JBHT) rose +1.31% to finish at $23.97. Acxiom (ACXM) rose +0.66% to finish at $26.05. Wal-Mart (WMT) lost -0.46% to finish at $45.15.
Today, we only have one economic figure to look at -- initial jobless claims for the week behind.
Earnings today from from =America`s Car Mart, Del Monte and Pep Boys.
Overseas in Asia last night, the Nikkei added +0.3 percent to reach 16,013.91 at the mid-day break in Tokyo. Back in the U.S., in extended hours trading, the NASDAQ 100 Afterhours Indicator rose +0.13 (+0.01%) to close the night at 1,694.71.
