Tuesday Was a Victorious Day on Wall Street
Good news for the economy, we’re all hoping. Apparently Tuesday left many floor traders and financial gurus shining, because it was a good day on Wall Street, which means that it’s a good day for the economy and America as a whole usually. The reason for the upturn? Apparently there has been an upturn in housing, as reported by periodic data on the housing and mortgage situtation here in the US.
Lately it’s been all gloom and doom in this arena, which often follows a bland stock market and a bad economy, but upturns in housing data made consumers more confident and spurred economic activity and stock trading.
Investors also liked the fact that oil prices were broadcast as getting lower. Since energy prices are dipping again, this usually causes a surge in the stock market. Translation : this is a good thing!
