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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 Department’s 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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