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"It feels better, huh?" Stocks surged as investors grew more optimistic that some of the economy's most troubled sectors might be improving.
A strong profit report from Motorola lifted Wall Street yesterday as investors grew more optimistic that third-quarter earnings in general would be strong.
The index for large nonmanufacturers rose to plus 5 in March, from zero in December as retailers, real estate companies and other service providers grew more optimistic.
As investors grew more optimistic they paid higher valuations for equities and bonds, generating higher returns and thus attracting even more buyers.But that positive feedback could not last forever.
Last year, the Molnars grew more optimistic when they heard Trump promising in campaign speeches to help the "forgotten people". Like a majority of older voters, Joanne voted for Trump.
The index for large nonmanufacturers rose to plus 9 in June, from plus 5 in March, and was the best score since February 1992, as restaurants and transportation companies grew more optimistic.
Similar(50)
Investors are growing more optimistic that corporate profits may rebound.
The U.S. military, however, had grown more optimistic following the Tet Offensive.
BUSINESS CONFIDENCE Salesmen around the world continue to grow more optimistic.
Mr Charlton says he has grown more optimistic that a deal can be agreed this year.
The figures show companies may be growing more optimistic about the economic outlook.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com