Is our economy slowing down?
On Wednesday stocks jumped past 13,200 and the Dow rose 75.74, or 0.6%, to 13,211.88 for the first time in quite a long time. At the same time, the Nasdaq composite index rose 26.31 (1%) to 2557.84. This is mainly due to how well U.S. factories have been doing recently thanks to a strong demand for commercial aircraft. Stocks are expected to continue to grow. Unfortunately, bonds fell, the dollar was mixed and gold prices fell. Crude oil also fell 72 cents to $63.68 per barrel thanks to there being more domestic supplies than had been expected. With all of this in mind, it looks as though the economy may be slowing and whether the stronger-than-expected earnings might continue to give stocks a lift. Even so, it appears as though fast food chains such as KFC, Taco Bell and Pizza Hut are continuing to grow. So, what is really going on? At this point, it is really up to anyone’s imagination. The United States economy is definitely going through some crazy times right now, that is the one thing that is for sure. With all of these things in mind, you will definitely have to pay close attention to what will go on here in the near future.