Personal Income rose by just 0.2% in February with Spending up 0.8%. This brings the Savings Rate down to 3.7%, the lowest since August 2009. The year over year PCE Price Index was up 2.3%, above

The Dow Jones Industrial Average traded up to 11,925.88 versus its 200-day simple moving average at 11,937. The day’s low at 11,735.19 was below its 50-day simple moving average at 11,823. The

Factory Orders declined 0.4% in October when a rise of 0.8% was expected. The non-manufacturing ISM came in below expectations at 52.0. This measure of the services sector showed a 48.9 reading on

Initial Jobless Claims rose to 402,000 in the latest week, still well above the 350,000 recessionary threshold. The national manufacturing ISM came in at 52.7 in November with Construction

Stocks advanced as central banks around the world lowered rates on dollar swaps by 50 basis points. The Federal Reserve said that these actions were done to ease strain in the financial markets.