Markets closed up on Wall Street: DJI +0.10% SP500 +0.08% Nasdaq +0.54% Gold +0.20%
The markets were up because:
- Tech earnings from Oracle (ORCL) and Research in Motion (RIMM) fueled more buying. For all the reasons why these stocks popped, check out our Earnings Cheat Sheet to Oracle and our Earnings Cheat Sheet to Research in Motion >
- Gold (GLD) continued its bull run to new highs. Gold closed at a record high $1,277.50. Don’t Miss: Our special Technical Targets for Gold, Silver, and Gold Stocks >
- Consumer Prices remained flat. Although the CPI is highly distorted, a flat reading keeps bears at bay since inflation is what’ll kill the consumer. Check out how consumers are dealing with the Back to School Shopping season >
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