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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 Bernanke’s 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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