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Stocks opened higher and stayed there in ramped and camped fashion on carryover from yesterday’s Fed result and some economic data. Let’s not forget that the excitement surrounding the Alibaba IPO has gone over the top. Also, most retail investors would be lucky to get any of these shares on the initial price. That’s the way the IPO market goes, hot issues are fully spoken for and you’d have to hope your investment advisor is among those who gets stock on the come or it’s included in indexes and ETFs you’re involved with.
Economic data in the U.S.