SmarTrend(R) Midday Market Recap -- August 13, 2009

Last Updated: August 13th, 2009: 1:10 PM ET--- Despite some negative economic reports released Thursday morning, the major US equity indices pushed higher on momentum from yesterday's Fed announcement, economic growth in Germany and France, and a positive earnings report from Wal-Mart (NYSE:WMT). U.S. retail sales fell 0.1% in July, while import prices fell 0.7% and export prices fell 0.3%. Initial jobless claims rose 4,000 and continuing claims fell 141,000. June business inventories fell by 1.1% compared to consensus estimates for a 0.8% drop. With a few hours of trading left, the Dow Jones Industrial Average is up 0.46% at 9,404.54, the S&P 500 is up 0.72% to 1,013.03 and the Nasdaq Composite is up 0.73% to 2,013.36.

Write to Chip Brian at cbrian@tradethetrend.com

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html

Related terms: business, earnings, economic growth, export, france, germany, import, industrial, market, nyse, prices, sales, securities