Stocks Keep Climbing Before Bernanke

Stocks are indicated higher this morning as investors keep putting money to work in equities.

S&P 500 futures are up about one-tenth of a percent after a slight gain yesterday. Most European indexes are modestly lower but have been climbing in the last hour. Asian markets were mixed overnight, with China down slightly but Japan’s Nikkei advancing another 1.6 percent.

Equities have been going almost straight up since the S&P 500 bounced at its 50-day moving average last month, but there are potential signs that momentum is slowing. On Tuesday, for instance, transports and small caps were the two weakest indexes, while the Dow Jones Industrial Average was the strongest.

Conservative health-care stocks also led the market higher, while energy finished lower after reversing early gains. Technology lagged as well.

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