Equities Snap Two-Day Losing Streak; Bye Bye Nook Biz

Ulli Market Commentary 2 Comments

[Chart courtesy of MarketWatch.com] 1. Moving The Markets Stocks snapped a two-day losing streak despite the anticipated news that the economy shrank 2.9% in the first quarter. The S&P 500 gained 0.5%, the Dow rose 0.3% and the Nasdaq posted the largest gain of 0.68%. The general sentiment about the lackluster first quarter mostly relates to the ‘arctic’ winter that …