September 19, 2007 / 1:54 PM / 12 years ago

Stock Market Update - Wed Sep 19 09:45:01 EDT 2007

[BRIEFING.COM] The stock market has started the session on an upbeat note as the good vibes from yesterday’s trading continue to be felt.

Huge gains in foreign markets have had a carryover effect in the U.S. where relatively good news on the inflation front and the thinking that the Fed’s actions will prevent a recession have contributed to the buying interest.

Earlier it was reported that CPI for August declined 0.1% (consensus unchanged) while core-CPI, which excludes food and energy, rose 0.2% (consensus +0.2%) to leave the year-over-year increase in core-CPI at a palatable 2.1%.

NYSE Adv/Dec NA/NA...Nasdaq Adv/Dec NA/NA

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