Independent, Fee-Only Financial Advisor
Wednesday, September 15, 2010
Stocks closed at the day's highs, adding modest gains as investors searched for a clear market direction after a package of mixed economic data. Traders say that a recent rise in investor optimism has helped push the market up. However, many investors are still waiting to see if the S&P 500 will break through the 1130 level. On a different note, the dollar rose 3% today against the yen after Japanese authorities intervened in currency markets to stop the yen from climbing any further. DJIA +46.24 Nasdaq +11.55 S&P 500 +3.97.