Today U.S stocks rose and rebounding from two straight weekly declines. Goldman recommended large banks and investors speculated service industries stabilized. The dollar fell versus the euro, crude oil slipped and treasuries gained.
A team of Credit Suisse Group AG strategists wrote : “Tactical indicators at current levels would normally lead us to downgrade equities, but their signals are less meaningful at this stage in the cycle.”
Microsoft' CEO Steven Ballmer said today in London the next few years will be the “best yet” for the information- technology industry. And MS shares advances to $25.
Also JPMorgan climbed 1.3 percent to $42.42. Wells Fargo gained 4.7 percent to $27.52. Goldman Sachs raised its rating on large U.S. banks to “attractive,” citing the outlook for earnings. The firm also upgraded Wells Fargo to “buy” from “neutral.”
So this week has started with shine.
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