Great news today as the stock market rallied for a fifth straight day! The stock market was up 4 out of 5 days last week and is up again today. The rise in the stock market is due to several positive things happening in the economy. All of these factors are working together to increase consumer confidence and stabilize the economy:
• U.S. Bank stocks rose 37.4% last week
• Retail sales were better than expected in February
• Federal Reserve Chairman Ben Bernanke said the U.S. economy will probably emerge from recession this year.
• Finance chiefs from a Group of 20 nations over the weekend pledged to boost efforts to help economies