US Economy On the Rebound?

The economic indicators seem to have picked up in the late fall, according to a survey by the Fed Reserve released Wednesday. Shoppers seem to have increased spending and industrial production was higher too.

This trend is visible in the sales figures of Amazon Inc. (NASDAQ: AMZN) which had over 13% of the web traffic Black Friday as compared to 11.8% of Walmart.com(NYSE: WMT). Cities that showed improvement in spending include Boston, New York, Chicago, St. Louis, Minneapolis, Kansas City, Dallas and San Francisco.

Auto dealers are said to be rebuilding inventories and the manufacturing sector activity was mixed to moderately improving. This is based on demand from companies like Ford Motor Company(NYSE: F) among others.