April 16 (Bloomberg) -- Retail sales in the U.S. rose in March by the most in three months as rising incomes and better weather ensured consumers would continue to drive economic growth.
The 0.7 percent increase followed a revised 0.5 percent gain the prior month that was larger than previously estimated, the Commerce Department said today in Washington. Purchases excluding automobiles rose 0.8 percent.
Job gains and higher wages are giving most Americans the means to overcome falling home values, rising mortgage payments and higher gasoline prices.
ES jumps out of wedge resistance and has 1477 in its sights. We should pullback at some point before Tuesday's earning's parade, so watch today's gap. For now, bulls are in charge and NQ is knocking on the door of 1845 resistance.
The 0.7 percent increase followed a revised 0.5 percent gain the prior month that was larger than previously estimated, the Commerce Department said today in Washington. Purchases excluding automobiles rose 0.8 percent.
Job gains and higher wages are giving most Americans the means to overcome falling home values, rising mortgage payments and higher gasoline prices.
ES jumps out of wedge resistance and has 1477 in its sights. We should pullback at some point before Tuesday's earning's parade, so watch today's gap. For now, bulls are in charge and NQ is knocking on the door of 1845 resistance.
This entry was posted
on Monday, April 16, 2007 at 4/16/2007 09:10:00 AM.
You can skip to the end and leave a response.
» Post a Comment