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Stock index composites moved in an upward trending direction overall during last week’s open sessions in the United States. On Monday, stocks opened the day positioned for gains. The market surged early this morning with the news that AT&T planned to acquire T-mobile for $39 billion. This set the stage for the day and indices ended in the green. On Tuesday, trends reversed and the day ended with losses. Investors worried about increasing oil prices and overseas developments such as the violence in Libya. No major market news posted in the U.S. this day to sway the downward direction the stocks followed. The Dow lost 17.83 points or 0.15% to 12018.70. The Nasdaq decreased by 8.22 points or 0.31% to 2683.87. The S&P 500 declined by 4.61 points or 0.36% to 1293.77. The red trending for the major market index composites was short lived as they rebounded to get over the hump. Jobless benefit applications dropped lower this day and the indices ended green. The Dow Jones ended the day higher by .55 percent at 12,085.19. The Nasdaq ended the day higher by .54 percent at 2,698.30 and the S&P 500 ended the session in positive territory by .29 percent at 1,297.53. The positive trending continued through the end of the week. On Thursday, The S&P 500 was higher by .94 percent at 1309.66. The Nasdaq was higher by 1.41 percent at 2736.42. The Dow Jones was higher by .72 percent at 12,172.53. On Friday, As of last session close, the Dow Jones Industrial Average had moved higher by .41 percent on the day and ended with a value of 12,220.59. The Nasdaq had pushed higher into the green for the day by .24 percent and finished off at 2,743.06. The S&P 500 climbed this day as well by .32 percent and ended the session at 1,313.80. All three indices ended higher on the week overall and investors look for the positive action to carry over the weekend and help set up positive positions for Monday’s open. Author: Frank Matto
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