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The stock markets rose higher from the good news that jobless claims rose at 367,000; instead of 370,000 as previously forecasted. Retail sales rose as consumers’ confidence seems to gain: Chains like Costco NASDAQ:COST) and Limited Brands, Inc. (NYSE:LTD) posted strong gains in September even though they missed Wall Street’s expectations.
Banks stocks were up: Bank of America (NYSE:BAC) closed high by 3.29 percent, Citigroup, Inc (NYSE:C) ended upwards by 2.64 percent. While JPMorgan Chase and Co (NYSE:JPM) closed the day with 2.35 percent gain.
Despite good economic news, some pundits are attributing today’s stock rally to Romney’s win at yesterday’s presidential debate.
In today’s EmailWire Stock News releases …
-- ESMC, CLRX and EVDR are the Daily Market Mover(s) for October 4th from OTCPicks.com:
Dallas, TX – ESCALON MEDICAL CORPORATION (NASDAQ: ESMC) "Up 197.46% in morning trading" Escalon Medical Corp., together with its subsidiaries, engages in the development ... Read complete news at:
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