Wednesday's early afternoon trade: market rises on data

Posted by 7Star Thursday, March 4, 2010

US stocks rose on Wednesday after data on US private employment and the vast services sector reassured investors nervous about the pace of economic recovery. "On every account, both data points look extremely positive, and they are consistent with the idea that a recovery is firmly under way," said Charles Lieberman, chief investment officer at Advisors Capital Management in Paramus, New Jersey.

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