Wall Street Addict

Wall Street traded flat on Thursday as investors braced for data on new home sales after the government's durable goods report suggested the economy is growing a bit above expectations.
With first-quarter earnings reports mostly over, Wall Street now hangs on economic data to give direction on both the economy and stocks. Investors also will use data to gauge if the Federal Reserve will consider cutting interest rates in 2007.
In the first few minutes of trading, the Dow Jones industrial average was up about 11 points at the 13,536 level.
Published by AP

Labels: Dow Jones, Federal Reserve, Stock Market, Wall Street