The market opened on Friday flat and made moderate changes throughout the day.
The mid day major market indexes were mixed and as close approached this
trending continued as stocks pull back from the previous session highs. The
Leading Economic Indicators (LEI) was the only data scheduled for release today
on the economic calendar and an increase of 1.2% was anticipated by economists.
The reading may have fallen below predictions at 1.1% , but exceeds the .04%
reported last month and indicates gain are being made. With the holiday week
approaching and minimal reports scheduled on the economic calendar, investors
anticipate low volumes and choppy trading for the approaching holiday week.
Markets will be closed on Friday for Christmas, making a short week with many
taking extended time off for the holidays. At close on Friday the market is
mixed. DJIA decreased by 7.34 points or 0.06% to 11,491.91. Nasdaq increased by
5.66 points or 0.21% to 2,642.97. S&P 500 was up 1.04 points or 0.08% to
1,243.90. The Treasuries 10-year yield was down 0.11 to 3.37%. Oil is up 0.36 to
$88.06 a barrel. Gold is up 8.20 to $1379.20 an ounce. The Dollar is up 0.0049
to the Euro at $1.32. Strong sectors; regional banks, steel, materials and
miners. airlines, fertilizers and agricultural chemicals. Weak sectors; consumer
finance, railroads, agricultural products, air freight and logistics. Author:
Pamela Frost
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