Indexes Trade at All time High on this Holiday Shortened Session!
Stocks on Wall Street were higher taking their cues from pre-market. The higher open allowed the market to hit another new all-time high. There is little news for investors to focus on today, except for reports from retailers about their Black Friday sales. Trading volume is expected to remain light today, which is traditionally the lightest trading day of the year. The market closes at 13:00 today. Positive news from Japan provided the reason to buy today!
Japanese data reinforced recovery expectations, with CPI picking up, employment showing some bright spots and manufacturing rising. Industrial production missed expectations by quite a wide margin, but the market focus was on position adjustment.