The light volume rally continues even with unremarkable headlines. Jobless Claims data was unchanged and housing data via the FHFA House Price Index was just okay. After all the prior house price reading was revised lower from 1% to .7% making today's reading unchanged at .7%. Both were enough to energize bulls. Perhaps a more important story was that Apple (NASDAQ:AAPL) may declare a dividend at the behest of its largest shareholders.
Meanwhile in Europe, the European Commission stated both Spain (-.3%) and Italy (1%) showed economic contraction. That's not good but bulls must think this is just old news.