Power Breakfast: Dow Leads Rally As Stocks Rebound On Strong Earnings, Consumer Confidence Data

Yesterday Dow jumped 525 points to close near the day's high and the Nasdaq gained 1.5%. Shares of Nike and FedEx rose on strong results. Good consumer confidence data also improved the mood of the US market. On the other hand, the housing data figures disappointed. Sales of existing homes declined for 10 consecutive months. Today the final GDP data of US Q3 will come. European markets rose by 1.5-2%. Crude oil strengthened for the third day. Brent crude crossed $82.