U.S. Stocks Rise, S&P 500 Tops 1,000 for First Time Since Nov. (good news, government) - Politics and Other Controversies -Democrats, Republicans, Libertarians, Conservatives, Liberals, Third Parties, Left-Wing, Right-Wing, Congress, President - City-Data Forum

SonSet · 08-03-2009, 09:25 AM

Equities extended gains as reports on manufacturing and construction spending topped forecasts. Bank of America Corp., JPMorgan Chase & Co. and Citigroup Inc. rallied after HSBC Holdings Plc reported first-half net income of $3.35 billion as earnings from its securities unit doubled. Ford Motor Co. jumped 8.8 percent after a government incentive program helped it achieve its first monthly U.S. sales increase since 2007.

U.S. Stocks Rise, S&P 500 Tops 1,000 for First Time Since Nov. - Bloomberg.com

Boehner and McConnell are probably lost for words about now...

dukester.2 · 08-03-2009, 09:39 AM

This is good news as I saw a similar report this morning. I strongly feel that the Stimulus was calculated to kick in, in sequences and in a analytical order to assist in the recovery. The last report that only 9 or 10% of the funds have been released. I think I read that in 3 to 4 months from now I think 60 - 70% of the funds will have then be released and really get things moving...