Daily Data Flow: U.S. Stocks Post Best Day Since January; Yen Soars; Consumers Open Wallets

Daily Data Flow

Stocks Rise on Better-Than-Expected Data (Bloomberg)

Stocks gained today, giving the S&P 500 its biggest gain since early January, due to better-than-predicted economic data and acquisitions in the media and grocery industries. “It’s undeniable that the series of data are getting better,” Chris Bertelsen, chief investment officer at Global Financial Private Capital, said. “The only issue for the market is we’re in a vacuum month. In other words, there are no earnings, there is nothing to latch onto other than an occasional number here and there and people are worried about the Fed tapering.”

Yen Highest Since Early April (Reuters)

The yen soared against the dollar today to its highest level since the Bank of Japan unleashed an aggressive stimulus plan in April. Further, the Bank of Japan announced on April 4 that it would purchase $1.4 trillion in bonds, boosting demand for Japanese equities and increasing the yen’s value. “This week’s BOJ meeting, which offered no new policy initiatives or stimulus programs was the catalyst for the rapid change in sentiment in the foreign exchange market,” said Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management in New York.

Consumers Spent More than Expected in May (CNBC)

Retail sales surged in May as households began to step up purchases in automobiles and other purchased goods. Specifically, the Commerce Department said today that retail sales increased 0.6 percent after edging up 0.1 percent in April. And this increase in consumer spending, along with recent job gains and a jump in consumer confidence, hints at an underlying strength in the economy, despite belt-tightening in Washington.

share on:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

share on:


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • High Velocity Options
  • Intelligence Report
  • Bullseye Stock Trader
  • Eagle Eye Opener

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Stock of the Week
  • Technical Traders Alert
  • Rapid Profits Stock Trader


Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor