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The market makes gains on Wednesday as stocks begin to shift with increased confidence by investors. At close on Tuesday and into early Wednesday the market continued to present with mixed indexes but an increase in afternoon activity has boosted all three indexes into the green. Investors have begun to position themselves for the new year and generally report an optimistic outlook for 2011. At the base of this positive positioning are multiple reports that paint a picture for a brighter job market. With a report of planned job cuts down 59% in 2010 and soaring private sector payrolls, many investors feel that the stage has been set for a positive report from the government on Friday when they release their latest monthly jobs report. The ISM Services Index reports that the service sector showed an increase from 55 to 57.1 in December, exceeding economists forecast. Approaching Close the major market indexes are all in the green with modest gains. DJIA is up 44.20 points or 0.36% to 11733.72. Nasdaq is up 16.00 points or 0.59% to 2697.20. S&P 500 is up 6.03 points or 0.47% to 1276.18. The Treasuries 10 year yield is up 0.12 to 3.47%. Oil is up 0.98 to $90.36 a barrel. The dollar is up 0.0084 to the Euro at $1.32. Strong sectors include: building products; homebuilding; thrifts an mortgage lenders; application software; internet retailers; specialty stores; diversified supplies services; employment services. Author: Pamela Frost
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