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Stocks finished higher on Thursday after a strong manufacturing report overshadowed a bigger-than-expected rise in the number of people applying for unemployment benefits.
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What is clear is that the markets did rise and if Wall Street has decided that it likes strong manufacturing reports, well, so be it.
The mark rose on a strong German manufacturing report and expectations of lower unemployment, evidence that Germany's economy is improving.
3.14pm BST That strong ISM manufacturing report indicates the US economy picked up in April........indicating the Federal Reserve was correct to suggest last night that economicc conditions are improving this spring.
Mr. Kalivas said that the employment index was quite strong in the manufacturing report, and said that inventories suggested that the "legs of the recovery are still pretty strong".
Wall Street received mixed signals on the economy, this Tuesday, after a stronger than expected manufacturing report and another weak housing report.
Both China and Japan report strong manufacturing activity, and here's how the rest of the world stacks up.
A CBI manufacturing report showed stronger than expected growth, but investors were unsettled by growing confusion over the Bank of England's interest rate intentions.
Economists said the manufacturing report marked a strong start to the monthly trio of PMI surveys from the three main sectors.
On top of that, add strong housing data and a robust manufacturing report from the National Association of Purchasing Management this week both indicators of continued economic strength and the stage is set for some bumpy gyrations in the stock market in the months to come.
As far back as 1984 the peak of the Reagan era the New York Stock Exchange issued a report stating that "a strong manufacturing economy is not a requisite for a prosperous economy".
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