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Through the halfway point in today's trading session, stock index composites were posting in the red. The Dow Jones Industrial Average, the Nasdaq, and the S&P 500 were all trending in negative territory up to this point. Trends were pulled lower despite more positive economic reports at home. China's economic growth and inflation potentials related to this grow, are causing worries to persist in the minds of many economic analysts. Here, the number of Americans filing for first time unemployment insurance fell lower to 404,000 this week. This number is positive in that it is 37,000 less than it was just one week ago and better than what many economists had been anticipating. Sales of existing homes moved higher as well and beat out original expectations. The National Association of Realtors reported that existing home sales rose 12% in December. This is positive news for a sector that has been struggling and in need of a positive boost. Earnings reports came in today as well. Morgan Stanley reported that price per share increased to 43 cents and total revenue rose 14%. Wendy's and Arby's shares moved higher today too. The dollar gained strength today against the euro, the Japanese yen and the British pound. End of day close for the Dow Jones Industrial Average was red by .08% at 11,815.72. End of day close for the Nasdaq was red by .77% at 2,704.29. End of day close for the S&P 500 was red by .13% at 1,280.26 an ounce. Stocks gained on earlier losses today and moved forward from lower trending at the mid-day point. Author: Frank Matto
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