The US retail sales have bounced by a healthy 1.4% in the month of October 2009, and that has been enough to push the Dow Jones and Nasdaq indices to year high today. The Dow Jones crossed the 10400 mark while the Nasdaq climbed to 2200 level.
Analysts are expecting the US stock markets to remain range bound for the next one or two months, till major trends of the global economy appear.
US stock markets hit 2009 year high again