Stock index composites ended in the green across the majority of the stock
tracking board yesterday. A fitting hue for the date. The Dow pushed higher by
just over 161 points to end the session at 11,774.59. The Nasdaq ended the day
higher by 19.23 at 2,636.05 and the S&P 500 finished the day by gaining 16.84 at
1,273.72. Yesterdays gains were a needed reprieve after the market index
composites in the United States experienced three straight days of losses.
Stronger economic reports posted yesterday and this helped indices move into
positive territory. Manufacturing data was positive as was the report on
unemployment applications stemming from the Labor Department. Today, reporting
will be minimal and the momentum created earlier in the week will help to
support trending on the last trading session of this week. World news
developments will help to push stock market trending this day as there are no
major economic reports scheduled to post. Currently, stock futures indicate that
the major index composites are positioned to open higher on the last trading day
of the week in the United States. It appears that stock index trends will end
the week with a positive slope after several days of significant sell-offs.
Prior to opening bell today, the Nasdaq is green by .47 percent, the S&P 500 is
green by .41 percent and the Dow Jones Industrial Average is higher by .50
percent. Author: Frank Matto
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