Reply #22: 10:41 EST numbers and blather (Santa Claws the Market UP!)

[UpInArms]

Dow 10,848.40 +72.27 (+0.67%)
Nasdaq 2,169.06 +14.84 (+0.69%)
S&P 500 1,212.73 +7.81 (+0.65%)
10-Yr Bond 43.46 +0.55 (+1.28%)

NYSE Volume 224,672,000
Nasdaq Volume 435,987,000

10:30AM: Market surges to new session highs following stronger than expected economic data... The Conference Board has released a consumer confidence index reading of 102.3 for December, far ahead of economists' forecasts of 94.0 and much better than a revised November figure of 92.6... The gain, which better reflects continued economic expansion and an improved outlook heading into 2005, follows a four month string of declines summing to -12%... Treasuries have subsequently fallen even further following the report and now have the 10-year note off 9 ticks yielding 4.33%... NYSE Adv/Dec 2120/727, Nasdaq Adv/Dec 1828/847