Updated from 12:02 p.m. EDT
This Month Is Good After All( At 5:50 p.m. EDT) How do you like them apples? The Dow Jones Industrial Average got the second quarter started in fine style, rising 152.68 points, or 2%, to 7761.60 Wednesday. If the quarter ended right now, the Dow would be up 2%. That's going to have count as my April Fools' Day humor, because it's too late in the day to gather the energy for anything better.
Not Great, but Not Terrible
( At 11:40 am. EDT)
I've been trying to come up with a clever comment about who the April Fools' Day joke is on, but it's just not happening. So I'll stick to the facts.
Some of the day's economic data wasn't as horrendous as traders had feared, and we've got a rally going. The Dow, lower by more than 100 points shortly after the open, was recently up 57 points.