Thursday, January 6, 2011

TODAY’S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES January 6th, 2011 Close

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Stocks remain mixed at close Thursday as investor confidence is swayed by reports of a rise in jobless claims and the continued uncertainty that looms ahead of the December jobs report , due out Friday before opening bell. The Labor Department reports an increase in the number of Americans filing for first time unemployment benefits. Economists had anticipated claims to increase to 405,000 but the latest figures exceeded predictions by 18,000, bringing the final number to 409,000. Multiple reports on Wednesday pointed to a positive turn in the job market with better than expected increases noted in private sector payrolls, but the increase in unemployment claims has put a damper on the upbeat reports. Monthly same-store sales figures from major retailers including Gap and Target are coming in lower than expected with retailers reporting declines due to inclement weather, deep discounts and consumer fatigue. At close the major market indexes continue to be mixed. DJIA is down 25.58 points or 0.22% to 11697.31. Nasdaq is up 7.69 points or .28% to 2709.89. S&P 500 is down 2.71 points or 0.21% to 1273.85. The U.S Treasuries 10-year yield is down 0.06 to 3.42%. Oil is down 1.96 to $88.34 a barrel. The U.S. Dollar is up 0.0081 to the Euro at $1.30. Gold is down 2.00 to $1371.70 an ounce. Author: Pamela Frost

TODAY'S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES January 6th, 2011 Close



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