Investors struggled to figure out where the economy is headed after reports showing a modest increase in jobless claims and weakness in the manufacturing sector.
The data pointed to an economy that is hurting, but not experiencing as rough a time as many investors expected after the near-collapse of the mortgage market
Another better-than-expected report came from the Philadelphia Federal Reserve, which said regional manufacturing activity is contracting in May more slowly than in April, and more slowly than analysts expected.
That leads to our "Fast Money" Reader Poll. Do you find personally that the economy is not as weak as earlier predictions suggested?
Got something to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap! Prefer to keep your comments private? Send those questions and comments to firstname.lastname@example.org.