Stocks May See Early Strength On Tame Inflation Data – U.S. Commentary
View photo FILE – This Aug. 9, 2011 file photo shows a Wall Street street sign near the New York Stock Exchange, in New York. Global stock markets mostly rose Friday, Aug. 15, 2014 cheered by the prospect of more gains on Wall Street and a sense that Ukraine tensions are easing.
stocks were looking at a fifth day of gains out of six on Friday, as the U.S. economy appears to be on track for a solid, sustained recovery. The eurozone shrugged off bad economic news that’s been offset by hopes of more central bank stimulus. Geopolitical tensions eased a bit. The S&P 500 was rising 0.29% to 1,960.82, poised to move even further after breaking through its 50-day moving average level.
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Stock Market Today: Stocks Break Through Resistance Levels; Correction Fears on Back Burner – Yahoo Finance
Production is expected to increase by about 0.3 percent. Thomson Reuters and the University of Michigan are also scheduled to release their preliminary consumer sentiment report for August not long after the open. Economists expect the consumer sentiment index to edge up to 82.3. In corporate news, shares of Monster Beverage (MNST) have moved sharply higher in pre-market trading after announcing a long-term strategic partnership with beverage giant Coca-Cola (KO). As part of the agreement, Coca-Cola will acquire an approximately 16.7% ownership interest in Monster.
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