Daily Wrap

The stock market found some upside momentum today after the S&P held $3800 the first two days of this week. A dip in Treasury yields helped facilitate the gains. Well-received earnings reports from Dow component Nike (NKE +12.2%) and leading transport company FedEx (FDX +3.4%) didn’t hurt either. In addition we got some better-than-expected consumer confidence data for December,…