Daily Wrap

DJIA +48.23 (+0.33%) to 14,613.48; S&P 500 +9.79 (+0.63%) to 1,563.07; NASDAQ +18.39 (+0.57%) to 3,222.25 Friday the market gaped lower and traded down roughly 1% in early trading after the weaker than expected Unemployment claims data.  That early trading marked the lows and the market rallied the remainder of the day clawing back some of the losses.  Today the market built off Friday’s rally and worked higher again today not only closing strongly higher but also closing higher than Thursday’s close before that disappointing data Friday.  The takeaway is the bulls fought back. Starting this morning we had news of a merger…