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- Michael Bloomberg thumbs FAA ban, plots course to Israel
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Topic - Scott L. Wren
While there's nothing "magical" about 17,000 or other 1,000-point milestones, "it is typical for the broad market to move higher as domestic and international fundamentals move forward without massive increases in inflation," he said. "Today, capacity utilization is not tight, and inflation rates are modest. These are good signs for the broad equity indices."
"This is a reflection of the improving economy and earnings environment being generated by the American economy," said Scott L. Wren, senior equity strategist at Wells Fargo Advisers.