Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, May 09, 2005

Monday Wrap

It was not such a lazy day after all. While the Dow only gained 38.94 points, NASDAQ finished up a respectable 12.32 points, almost 3/4 of a percent. The inventory numbers were released today, and they were lower than expected. That's good news for stocks. That means demand is strong, and stockpiles of goods are getting smaller. This will encourage companies to gear up again, maybe even hire more employees, as they keep pace with the demand for their products. Next month's labor report will tell the tale on that one.