Markets closed up on Wall Street: DJI +0.27% SP500 +0.49% Nasdaq +0.33% Gold -0.92%
The markets were up because:
- Initial Jobless Claims improved. 27,000 less people filed for initial jobless claims, bringing the weekly total to 451,000. Can the trend continue? >
- US Trade Deficit narrowed in July. The deficit declined 14% to $42.8 billion in July from $49.8 billion in June. But that won’t change the extraordinary opportunity in Gold. Don’t Miss: Technical Targets for Gold, Silver, and Gold Stocks >
- Railroad traffic is booming. The Association of American Railroads said rail car volume set a new record for 2010.