Today marked the third day of economic hopefulness as we saw new highs on Wall Street, showing what some may call proof to the beginning of economic recovery.
The stocks that were coming out on top were manufacturing companies as well as energy, such as General Electric Co (NYSE:GE) and Exxon Mobil Corp (NYSE:XOM).
A higher demand in crude inventories were seen last week as a significant drop showed. Despite this, industrial output showed an increasing advancement for the second month in a row.
Although we have been seeing an increase in some of the stocks, the American dollar is still being pounded by the British pound and the Japanese Yen.
To ensure optimism, Federal Reserve Chairman Ben Bernanke stated it was “very likely” that the recession is over.
