Markets Rally on Hopeful Signs about Economy and Greece (AMZN, MS)

Major indices had a strong showing today as several indicators of an economic recovery were released, and the S&P 500 hit a 9 month high. Among the good news was a report that foreclosures in January were down by 19 percent from the same month a year prior. In corporate news, Amazon (AMZN) stocks were down after Morgan Stanley (MS) downgraded them on grounds of increased competition from Apple (AAPL) and the decline of sales of physical media.

Word on the Street

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Published on Feb 16, 2012
By InvestorGuide Staff

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