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November 19, 2012 at 17:00 PM EST
Apple's Scorching Rally Leads Market Higher
MINYANVILLE ORIGINAL Friday afternoon the market recovered from deeply oversold conditions and continued to rally throughout the day today. By 8 a.m. EST S&P 500 futures had risen 9 points or about 0.66%. As the market opened steady buyers came into the market and this buying continued throughout the day. The S&P 500 (INDEXSP:.INX) finished the day up nearly 2%. In economic data the NAHB Housing Market Index -- a gauge of homebuilder confidence -- rose to 46 from last month's 41 well ahead of economist estimates of 41 and the highest point since 2006. European indices also rose ...
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