GDP Report :
GDP Report Revised from 2.9% to 2.6%
Market ignored the revised number to reach all time high in Dow during intraday trading today.
Consumer Confidence And Other econ news:
Consumer Confidence And Other econ news Consumer confidence index increased from 100.2 to 104.5.
Stocks rally as investors see a drop in oil prices and a soft landing economy.
New home sales increase to ease perception of housing market slowdown
Durable goods orders fell .5% signaling companies might be scaling back investments and the economy is lowing down.
Market, closing Thursday Sep 21th :
Market, closing Thursday Sep 21th Dow Jones Industrial 11,718 29.21
NASDAQ Composite 2,270 6.63
S&P 500 1,339 2.56
Corporate News:
Corporate News McDonald’s (MCD) raised their dividend to $1.00 from $.67 sending the stock up.
HP Chairman resigns
Billionaire investor Kirk Kerkorian pressed his case for a three-way alliance between General Motors Corp., Renault and Nissan on Thursday, backing up his argument with a threat to push his GM holdings to more than 10 percent.
Lockheed Martin raises dividend and share buyback