The market has pushed higher on Friday with all three of the major market
indexes holding with greater than .4% in gains with two hours left before the
closing bell. As the week comes to a close, investors have turned their
attention to the upcoming week where they anxiously anticipated a continued
line-up of corporate quarterly earnings reports. The increase in the market has
been credited to this positive push forward to reports next week. Although the
market has been making great gains, economists report that it is due for a
correction but thus far has been keeping itself in check . The daily pullbacks
in the market are a good sign and economists report that rather than dropping
significantly, the market has made successful lateral moves. The Commerce
Department reported that both inflation and retail sales rose in December. The
Commerce Departments Consumer Price Index rose 0.5% . The CPI is a key measure
of consumer inflation. Retail sales increased 0.6% in December, although falling
just short of the 0.7% anticipated by economists. The Federal Reserve reports
that industrial production rose 0.8% in December and capacity utilization is
expected to increase from 75.4% in November to 76 in December. Approaching close
the major market indexes continue the positive trending with increasing gains.
Dow is up 56.27 points or 0.48% to 11,788.17. Nasdaq is up 14.97 points or 0.55%
to 2,750.24. S&P 500 is up 7.86 points or 0.61% to 1291.73. The Treasuries
10-year yield is up 0.02 to 3.32%. Oil is down 0.17 to $91.23 a barrel. The
dollar is up 0.0003 to the Euro at $1.34. Author: Pamela Frost
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