After a moderate decline in the index values on Friday due to the unemployment
numbers that posted, stock market trending found a way to keep its head above
water and closed the day in the green. The Dow Jones Industrials finished in the
green by .17% at 11,382.09. The Nasdaq finished up as well by .47% and settled
at 2,591.46. The S&P 500 finished ahead by .26% and settled at 1,224.71. Many
analysts are calling the recent unemployment numbers a temporary setback due to
other encouraging economic signs. Stock futures prior to opening bell for the
U.S. session reveal that the Dow Jones Industrials, Nasdaq and S&P 500 are
trending in the red. World markets are mixed currently. For the week, The Dow
Jones, Nasdaq and S&P 500 all ended positively. The Dow ended the week up 2.6%,
the Nasdaq ended the week 2.2% and the S&P 500 ended the week up 3.0%. No Major
economic reports are due out this Monday but Bernankes report could push stock
futures lower this morning. On Tuesday, a report on consumer credit is due and
it is expected to show a decline. On Thursday, the Department of Labor will
release its weekly jobless claims report early and the Commerce Department
releases wholesale inventories will post as well. Friday, the Commerce
Department will report on the trade balance and the University of Michigan will
release its consumer sentiment index for December. Author: Frank Matto
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