Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, March 30, 2010

Tuesday

Technology stocks led an uptick in the broader market amid hopes that Apple will offer its popular iPhone on the Verizon Communications network. Major indexes seesawed during the session but turned higher in the afternoon to end with slight gains. New economic data were generally supportive of stocks. The Conference Board, a private research group, showed U.S. consumer confidence rebounded in March from a steep drop in February. The euro fell today after the International Monetary Fund said Germany's economic recovery is exposed to "substantial downside risks" caused by weakness in its banking sector. This news sent the dollar higher along with the yen and the pound. DJIA +11.56 Nasdaq +6.33 S&P 500 +.05.