Summary Box: Market edges higher after drop in inventories, rise in sales signals demand is up
By APWednesday, March 10, 2010
Summary Box: Stocks rise after inventories fall
GOOD NEWS, MODEST MOVES: The Dow Jones industrial average tacked on only 3 points Wednesday after the government said that inventories at wholesalers fell in January while sales rose. That suggests that demand is strengthening.
ALL’S QUIET: The Dow has risen 15 points in two days. The modest moves are a sign that the improved economic numbers are already factored in to stock prices.
TOO QUIET: Some traders are concerned that small moves and light trading volume will let investors become complacent.
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