U.S. stocks advance for a second day as initial claims for jobless benefits and better-than-anticipated earnings from retailers including Dollar Tree Inc. lift sentiment.
The pace of economic growth may be “choppy” in the summer and fall, the Conference Board says, as it reports that its leading economic index fell 0.3% in April, the first monthly decline since June.
Tuesday’s close at $1,480 now appears to have been the second half of a double bottom, with the first half having been formed by May 5’s close of $1,481.50 an ounce. Contrarian analysis supports this judgment.
Facing sexual-assault charges in New York, International Monetary Fund Managing Director Dominique Strauss-Kahn says he’s resigning from his post immediately.
MarketWatch
