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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%. Yesterday’s 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 Michigan’s 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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