Indices Rose on Consumer Confidence

Stocks are ascending their fresh highs. S&P 500 is over 900 points flirting with 907. Industrials are still the leading sector, up 3.0%. CSX Corporation, CSX, is the star in the sector, up 6.4%. US Dollar is surrendering its early gains today. It is now back to $80.08, still trading in green by a nickle.

FBR Capital upgraded its rating for Bank of America from under perform to martket perform. The BAC is trading 11.04 to 10.90 range, down by a couple of ticks.

So far, this is a great start for the week. Once again Consumer Confidence, which is not related to Consumer Spending, seemed to play an important role in today's rally.