Big Rally To Start The Week

The stock market jumped higher today with some considering the market oversold, government reports due this week, and new stimulus in Asia. Personal income came in a little bit better than expected and homes sales were higher last month thanks to the mid-west and sales in the west. The Dow Jones was up almost 300 points while the S&P 500 moved up 1.25% overall. Energy stocks were the strongest even as oil prices declined more.

Three big deals in the pharmacy sector gave investors reason to be optimistic about mergers going forward. Yet some still feel there will be volatility as the week progresses with tension in the middle east and the White House hoping to close the craziest nuclear deal in the history of the world with Iran. The March unemployment report will be released on Friday, when the markets are closed in observance of Good Friday.

China might be looking to do some additional stimulus, which caused the Shanghai Composite to reach a new 7 year high over-night.