The three major indicies (^DJI, ^GSPC, ^IXIC) are all popping today as talk of easing in China kept investor fears at bay. U.S Economic data didn’t disappoint either. Personal incomes for February were mostly inline with estimates, reporting a 0.4% tick higher. Pending home sales were also up, to the tune of 3.1%.
Here are some other stories Yahoo Finance is watching today:
It’s a holiday-shortened week on Wall Street, but it is filled with some big economic data. Today we learned personal income rose a better-than-expected four tenths of a percent in February. But apparently we’re not putting that money away. A report from Bankrate.com finds almost half of all Americans save less than five percent of what they make each year.
Indiana law prompts corporate outcry:
The speaker of the Indiana House says it’s likely legislators will clarify but not repeal the state’s new religious freedom law. The law is causing a firestorm of protests by those who say it allows discrimination. Among those speaking out– some high-profile businesses such as Angie’s List (ANGI) and Apple (AAPL) CEO Tim Cook.
McDonald’s turnaround plan
It’s lunchtime on the East Coast…how about an Egg McMuffin? That might be possible soon. Industry insiders tell Janney Capital Markets McDonald’s (MCD) is getting ready to test market its breakfast menu all-day long.
And finally, TV for toddlers. Baby First TV is targeting children under the age of four and as young as six months!
- Consumer Discretionary