Major indices posting strong gains on a new low in the dollar. Three to one advancing to declining stocks; volume is light.
The weaker dollar, predictably, is pushing up commodities across the board: metals, fertilizers, coal and energy up across the board.
Financials are underperforming as North-Carolina based BB&T became the first large regional bank to report...while they beat consensus, credit concerns remain.
One positive surprise: retail stocks, with many big names like Nordstrom and Limited up 2 to 5 percent. The S&P Retail Index has hit another post-Lehman high.
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