Markets closed up big on Wall Street: DJI +1.24% SP500 +1.32% Nasdaq +1.53% Gold -0.36%
The markets were up because:
- The private sector added 67,000 jobs in August. Although unemployment rose from 9.5% to 9.6%, the private payrolls number beat expectations for 41,000 jobs. Check out “The Private Sector ADDED 67,000 Jobs in August. What Does This Mean?” >
- Less home sellers cut their asking price in August. Zillow.com reports 28.8% of sellers reduced prices. Are the remainder smart or stubborn?
- Bullish sentiment increases. The AAII Sentiment Survey shows 10% more individual investors getting bullish. Don’t Miss: Have We Reached the Necessary “I Hate Stocks” Stage? >