Stock index action was up and down yesterday as trending fluctuated on either
side of breakeven. The Dow Jones Industrial Average was in the red .12% and
settled at 11,478.44. The Nasdaq closed in the green at 2,649.56 up by .25%. The
S&P 500 was in the green as well by .26% finishing at 1,247.09. No major
economic reports are due out today or on Friday this week and thus todays
trending is expected to be similar to yesterdays. The three major indexes have
been moving higher the past several weeks and are at relative highs. Yesterday,
the Dow backed up a little which is natural. As we close out this year,
investors are closing their books and trading volume will be lower. Currently,
pre-market trading reveals that the index values are in the green prior to
opening bell for the December 21st, 2010 trading session. The Dow Jones
Industrial Average is up .32%. The Nasdaq is up .28% and the S&P 500 is up .33%.
World markets are posting green index values currently as well. Tomorrow, 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. Author: Frank Matto
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