Stock market index composite trending was positive yesterday as the market
tracker revealed that the major index composites in the United States closed out
their trading sessions in positive territory for the day. Index close values
were in the green for the Dow, the Nasdaq, and for the S&P 500. The Dow closed
above the 12,000 mark again yesterday. Economic reports were generally positive
yesterday as the Labor Department reported that fewer people applied for
unemployment benefits last week than the week before. Federal Reserve Chairman,
Ben Bernanke, reported that our nation will not fully recover from the recent
recession until the jobs sector improves and hiring increases. His comments were
not very surprising, and he mentioned that the recovery would be a long process
and it would take a while for the majority of the American people to get back to
work. Before the opening bell today , the government will post data on January
jobs. Earnings reports this day will stem from Clorox and Aetna. Currently,
stock futures prior to opening bell this day reveal that stock index composites
are posting green. The Dow Jones is green by .8%. The S&P 500 is green by .02%
and the Nasdaq is green by .3%. World markets are posting green across the
tracking board as well at this time. Today will give us the big picture via the
employment report from the government. Author: Frank Matto
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