Positive economic reports posting during the latter half of this week have
helped to boost the major U.S. market indices into positive territory. The Dow
Jones Industrials, Nasdaq and S&P 500 all finished in the green as data from the
Labor Department helped push positive trending. The Labor Department reported
that the number of first time filers for unemployment benefits dropped once
again. In addition to this, data also reveals that job growth continues to move
in the right direction in the United States. Oil prices presented a negative
trend which was good news and ultimately, the Dow Jones jumped 200 points. For
today, February's job report will post. Economist expect that jobs will be
added. This report by the government is an important one and investors will be
acutely aware of the results and market reaction. The economy has been moving in
a positive direction but positive data from this report would be very beneficial
for investor confidence. Currently, market tracking prior to opening bell
reveals that stock futures are posting in the green. The Dow Jones is posting
higher by .29 percent. The Nasdaq is higher by .27 percent and the S&P 500 is
posting in the green prior to opening bell by .19 percent. The last trading
session of the week in the United States arrives and is positioned to close the
week off with positive gains for stocks. Author: Frank Matto
No comments:
Post a Comment