Market sees slows gains after housing report
Recently, the US markets have been slowly making a comeback from the huge losses seen just weeks ago. The Dow has be creeping back up toward the 14k mark since that huge lost, hovering near 13,800 for about a week now. Recent reports about the slowing housing markets, consumer confidence, and news in the private sector have helped keep the Dow and the Nasdaq from making really significant gains. However, as the holiday season approaches, this could all change. If the US economy sees a break from gas prices while companies profit from holiday sales, the economy could be back on track to be above 14k real soon. Look for October to be the month where consumer confidence gets a more accurate prediction of the upcoming holiday season.
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