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The major market indices ended the last trading session in the United States green. The Dow Jones Industrial Average finished higher by 7.41 points to close at 12,270.99. The Nasdaq closed higher by 16.73 points to finished at 2,761.51 and the S&P 500 finished the session higher by .25 points at 1,314.41. Stock composites finished in the green after what was a rocky start to the last trading session. President Obama presented his plan to address the nation’s national debt, and stock index trends received a boost to close the day. The basic headline regarding the President’s plan relays that it reduces the nations deficit by $4 trillion dollars over the next four years. Stock trends today are expected to position for gains prior to opening bell as they ride the momentum gathered in the latter half of yesterday’s session. Today, the Labor Department will report on initial jobless claims and the Producer Price Index report from March. We will see the Consumer Price Index report from the Labor Department for March on Friday. The Federal Reserve Bank of New York will report its Empire Manufacturing Index on the last trading session of the week as well. Also, we will get preliminary data results from the University of Michigan Consumer Sentiment Index report due this day. Investors will keep a close eye on indicators as they attempt to process and predict momentum swings. Negative pressure will still weigh on investors and push index composites. A government shutdown is still a possibility and will be on investors minds. The crisis in Japan will continue to apply negative pressure to world markets. Rising crude price per barrel will definitely be a trend that investors will observe closely. Rising interest rates is another variable applying negative pressure in the current economic environment. Many variables will play a part in influencing composite trends during the remaining two day’s of this week’s open trading sessions. Author: Frank Matto
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