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Maybe shortened trading week but that doesn't mean there isn't a major news for the market the day after Memorial Day first up housing prices according to S and p.'s -- Shiller home price index.
Home prices jumped nearly 11% in March that's compared to year ago.
And home prices in all twenty major cities posted increases with Phoenix and San Francisco leading the way next comes the consumer.
The conference board's consumer confidence index hit -- six point two in -- that is well above expectations and a five year high.
And the reason -- and the jump.
Americans feel more confident about the job market.
But it still is an all about being mean economic indicators after traders the focus remains on Ben Bernanke and the Fed stimulus program.
I said last week I'll say it again the thought that the Fed is gonna back away from the market is absolute nonsense it's just not gonna happen the other thing that supporting this -- -- warning us this morning is positive data from the housing sector.
In early trading the Dow jumped more than crude prices traders so both economic reports as a hints to the strength of the recovery.
As of now all eyes are on Thursday when we get GDP a key reading on economic growth.
Log on foxbusiness.com for more in New York country C burns.
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