November 09, 2012 at 12:29 PM EST
The Dow Now: Blue Chips Recover but Will Still End Week Sharply Down
MINYANVILLE ORIGINAL It’s all but certain the US stock market will close the week with a steep decline but at least stocks manage to arrest their slide on the last trading day thanks to strong economic data.   US wholesale inventories made its largest jump of the year in September indicating that economic growth in the third quarter might be more robust than initially estimated. The University of Michigan/Thomson Reuters consumer sentiment index also rose to 84.9 in November a level unseen since July 2007.   Nonetheless “It’s hard to be enthusiastic buyers with uncertainty out there ” David ...
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