Stocks are holding their gains this morning despite mixed economic reports. Pending home sales saw a 4.1% jump in March to a level it hasn’t seen in two years. Worries over the jobs report has kept gains in check though this morning. New unemployment claims fell 1,000 last week to a seasonally adjusted 388,000 according to the Labor Department. Analysts were expecting 375,000. What has investors worried though, is the four week moving average jumped to 381,750. The highest it has been since January.
The Dow is currently up 45 points, the Nasdaq is up 9 points and the S&P 500 is up 2 points. [Read more...]
