The Dow Jones Industrials and the S&P 500 ended yesterdays trading session at
relative highs. The Dow broke 12,000 earlier in the day and ended the session in
the green by about .1% at 11,985.44. The S&P 500 also ended at a two year high
as it was up .42% at 1,296.63. Big news yesterday pertained to the Federal
Reserve announcing that it would leave interest rates unchanged and near their
historic lows. This news was generally expected as the economic recovery moves
forward. Currently, prior to opening bell for todays trading session stock
futures reveal that indexes are holding green as the Dow Jones Industrial
Average, S&P 500, and Nasdaq are in positive territory. The Dow is up .03%. The
Nasdaq is green by .15% and the S&P 500 is positive by .07% prior to opening
session in the United States this day. Stocks held onto gains Wednesday during
the second half of trading and the momentum is helping to support positive
values this morning. Today, the government will report initial claims for
unemployment benefits and pending home sales. Earnings reports will stem from
Microsoft and AT&T among others. On Friday, the University of Michigan will post
its report on consumer sentiment and before the bell Friday, an advance reading
on fourth quarter U.S. gross domestic product will post. Chevron and Ford are
among companies that will post earnings data on the last day of trading for the
week. Author: Frank Matto
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