Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, July 26, 2010

Monday

Stocks continued to advance today after a jump in new-home sales and enthusiasm over second-quarter earnings helped investors carry over last week's momentum. The Dow Jones Industrial Average was up almost 1%, which put the average back in positive territory for the year. New-home sales jumped 23.6% in June, much better than the 3.7% gain expected by forecasters. This provided some relief from the recent stream of weak economic data that had been pulling the market down. In other markets, the dollar slipped against the euro and the yen. DJIA +100.81 Nasdaq +26.96 S&P 500 +12.35.