Monday, December 28, 2009

Quick Notes for the Day - December 28

Retail Sales Rise - According to MasterCard, retail sales for the holiday season rose 3.6% versus 2008 through Christmas Eve. This news was well received on Wall Street with retailers getting an early bump in price.

New Airport Security Measures - Just as most analysts believed that the airlines had finally turned the corner, the security scare over the holidays sparked new measures that some are saying will continue to weigh on airline stocks.

Economic Reports This Week - Even in a holiday shortened week, the economic reports continue. The Case-Shiller home price report for October and consumer confidence for December come out Tuesday, the Chicago purchasing managers index on Wednesday and weekly jobless claims on Thursday - the market is closed for New Year's Day on Friday.

Note - Rollins Financial and Rollins & Associates will be closed on Friday, January 1 in observance of New Year's Day. We will reopen on Monday, January 4 at 8:30 am.

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