At the Initial Stage of an Economic Recovery

At the initial stage of an economic recovery,

A) financial stock rise on expectations of increases in loan demand, housing constructions and security offerings.
B) consumer durable stocks rise on expectations of rising consumer confidence and personal income.
C) capital goods stocks rise on expectation of increases in business capital spending.
D) basic materials stocks rise on expectation of rising profit margins.
E) consumer staple stocks rise on expectations that consumers will continue to spend on necessities.