Investors ignored early economic data. Stocks closed higher after Fed decided to keep interest rates at historic lows and Standard & Poor's did not downgrade Greece's credit rating. But the trading volume has been relatively low, suggesting that many investors are on the sidelines. Intel jumped 4% after the chip maker unveiled new processors. The market is deeply overbought in the short-term.
Wednesday, March 17, 2010
Extended gains
Investors ignored early economic data. Stocks closed higher after Fed decided to keep interest rates at historic lows and Standard & Poor's did not downgrade Greece's credit rating. But the trading volume has been relatively low, suggesting that many investors are on the sidelines. Intel jumped 4% after the chip maker unveiled new processors. The market is deeply overbought in the short-term.
