Small Businesses Catalyst of Growth : UBS (UBS, DD)

DuPont (NYSE: DD) posted good results, but its impact on the market was negated by depressed consumer confidence data.

Art Cashin, director of floor operations at UBS Financial Services (NYSE: UBS), told CNBC, “The DuPont numbers were just terrific and that’s what’s giving us a bit of a boost. Yesterday’s numbers encouraged the markets, but it came with a couple of asterisks because it was a bounce, but it was a bounce from the lowest level in 50 years, so you’ll need more than one bounce to get it moving. So we’ll keep checking the numbers throughout the week.”

He also added that the government should work towards helping small businesses.