Spending data is giving a boost to the street today, though much of the increased spending comes at the expense of rising gas prices. The major indices are mostly trading flat, in or near positive territory. The dow is up 20 points to 13,166. The Nasdaq is off 10 points, while the S&P 500 is tacking on a point.
Growth concerns are creeping back into the market as Europe looks to expand their firewall. A Chinese slowdown on the demand front is giving a renewed rise of fear of a hard landing. If that was to occur it would set back the global recovery, though it is already sputtering along as is. [Read more...]