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Category: Money

The Economy Continues to Improve

Written on February 07, 2011 by Japhet Writ

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Though the US stock is deemed to struggle in the coming days, last week's reports indicate steady improvement as it goes.

With a little economic data at hand and few top-tier company set to release quarterly reports, stocks could struggle for direction in the coming weeks. But with the continuously improving, the investors remain bullish for this year’s stock outlook.

Last week, the Dow Jones held its spot above the 12,000 level while closed above 1,300 points. And not to be outdone, the also rose to heights last week. These gains came from strong manufacturing data that was released last Tuesday, stealing the spotlight from the Labor Department’s payroll reports on Friday.

In addition to last week’s gain, investors also cheered for the fourth-quarter results from several US companies, as they surpassed analysts’ expectations big time. According to Thomson Reuters’ data, 72% of the 308 companies that so far reported their earnings in S&P 500 came in better than expected. Results from 62 companies in the S&P 500 are expected in the coming weeks.

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