Wall Street Stocks Increase On Good News
April 10, 2008
There was an increase of Wall Street stocks on Thursday. This information was good news to investors after succumbing to the drop in the stock market, earlier in the month. The rise in the stock market was due to an increase in sales by retailers and a decrease in unemployment claims.
Previously unemployment claims rose to a new high within the past month, but this week showed a dramatic decrease in people claiming unemployment benefits, and this strengthened the stock market.
However, many are not sure if this good news will spill into the banking industry, especially with Lehman Brothers Holdings stating they had to liquidate the assets of at least three funds.