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Major Stocks On Track to Reach 6-Weeks of Gains, Consumer Sentiment Rises (CAT, AAPL)

By: , dated August 17th, 2012
Stocks ended positive on Friday and show signs for what may become six straight weeks of gains. A report was released that unemployment rates rose in 44 states in the US during the month of July, but another report stated that consumer sentiment is rising. Chancellor Angela Merkel continues to show her support of the ECB and lifts investor spirits for the second day in a row. Apple (AAPL) and Google (GOOG) may be working together to buy patents from Kodak. Workers for Caterpillar Inc. (CAT) have approved a new labor contract and Fannie and Freddie plan on paying out earnings in a package to help mortgage agencies. Treasury yields fell from what was a three-month high.

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