The major index composites in the United States finished in the green as of
last session close. The Nasdaq finished higher by 38.12 points. The Dow Jones
Industrial Average moved higher by 84.54 points and ended the session at
12,170.56. The S&P 500 ended higher as well by 12.12 points. The major indexes
have been trending higher this week and the more positive trending has helped
the market make up losses that posted since the disaster in Japan. Positive
corporate earnings reports along with data revealing that applications for first
time unemployment benefits dropped was well received. This news helped ease
other concerns that investors had, or at least temporarily divert their
attention from the ongoing crisis in Japan and the Middle East. The positive
trending is expected to continue as we move into the days trading. Today, the
University of Michigan Consumer Sentiment Index will post. The index will give
an indication of consumer sentiment across America. In addition to this report,
the Commerce Department will report on the progression of our economy during the
fourth quarter. Fourth quarter U.S. gross domestic product data will post this
day and it is not anticipated that it will change much from the last reading.
Currently, prior to opening bell, stock market tracking reveals that stock
futures are posting in the green. The Dow Jones is posting green by .22 percent.
U.S. stocks are positioned for a higher opening this day. Author: Frank Matto
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