dow2664
Stocks finished out October on an upswing and the month in general was one of the best in the past several years. The momentum carried through the weekend to help bring stock futures ahead and positive national and world economic news is helping to keep market index values moving in a positive direction. As expected, the Institute for Supply Management provided a key report on the Manufacturing Index and it posted continued improvement. Reports out of China also show that the manufacturing sector grew in October as infrastructure spending increased. Stocks were energized by these reports and continued to climb into the green. More specifically, the manufacturing data shows that this sector grew more than anticipated. The institute for Supply and Management reported that the manufacturing index bumped up from 54.4 in September to 56.9 in October. Also today before opening bell, the Commerce Department reported on personal income and spending. The report posted numbers that reveal a slight decrease regarding overall personal income while personal spending revealed a slight increase. In world markets, Asian index values ended the trading day mixed while European values are on the rise. The dollar is holding it’s trend by rising against the euro. Currently, approaching mid-day trading in the U.S. for the first day of November, the Dow Jones Industrials are ahead at 11,213.96. The Nasdaq is ahead at 25.23.39. The S&P 500 is in the green at 1,292.53 and the NYSE is in the green as well at 7557.11. Author: Frank Matto
No comments:
Post a Comment