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Equities Sector Coverage: Markets Get a Boost from Bernanke

Initial Jobless Claims rose more than expected to 382,000 well above the 350,000 recessionary threshold. The Producer Price Index rose to 1.7% in August boosted by energy costs. Core PPI was up
Personal Income came in at +0.4% in March with Spending up 0.3%. The Chicago PMI came in at 56.2 in April, below expectations, and the lowest reading since November 2009. The Dow Jones Industrial
The art of “tape reading” goes back to the early days of stock trading when astute traders used to look for patterns in paper ticker-tape prices during strong moves, to profit from breakouts.