CNN Chief Business Correspondent
Dow is up 8.2 percent. In three days. Pretty big deal. The Dow is actually positive for the month of march right now. And the Dow closed 3.46 percent higher than yesterday's close.
Look who's back! Spendy's back.
February Retail sales numbers were DOWN 0.1%, BUT if you exclude auto sales, which continue to be terrible, the number is actually UP 0.7%. This makes it the second month in a row that Americans are spending more.
Let me break this down a bit.
*Gasoline sales UP 3.4%
*Clothing/Accessories UP 2.8%
*Electronics/Appliances UP 1.2%
*Health/Personal Care UP 0.6%
*Autos DOWN 4.3%
This is now TWO months of increases. Not a trend, yet. But a little hope. Slightly. Very. Little.
Today we also got some bad news on first time claims for jobless benefits, with more than 5 Million people now continuing to claim unemployment insurance.
Filed under: Ali Velshi
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