Trending went green to close out the trading session in the United States. The
Dow Jones Industrial Average was up .5%. The S&P 500 moved higher by .6% and the
Nasdaq was ahead by .7%. Yesterdays index values, as of close, were the highest
seen in over two years. Trading volume continues to remain on the lighter side
as investors are closing the books up and preparing to move into 2011. Before
the move however, investors are taking the sidelines and enjoying some vacation
time. Volume in the market is expected to remain lower through then end of this
month. Trend lines are pointing in the right direction and optimism over market
direction for 2011 is high right now. For today, the National Association of
Realtors will release its index on existing home sales which is expected to have
risen in November. The Commerce Department will also release its estimate for
third quarter gross domestic product growth (GDP). The GDP is expected to have
risen as well. On tap for Thursday prior to opening bell will be a post from the
Commerce Department relaying the latest data on personal income and spending.
Also, the Department of Labor will release its weekly jobless claims report
Thursday, and the University of Michigans final reading on consumer sentiment is
due this day as well. Currently, pre-market trading reveals the stock futures
are mixed. The Dow Jones is currently down by .02% and the Nasdaq is in the red
as well by .09%. The S&P 500 is just above breakeven right now. Author: Frank
Matto
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