The major index composites ended Wednesday's session in the red. This morning
prior to opening bell, stock futures were posting in the green. Stocks appeared
to be positioned for gains. U.S. stock futures revealed that the Dow was
positive by .50 percent, the Nasdaq was positive by .67 percent and the S&P 500
was positive by .53 percent. At the halfway point of today's trading session.
The major index composites were mixed. The Dow Jones was negative by .03 percent
at 12,260.09. Stocks struggled to hold gains after two days of negative close
values. The index composites moved higher earlier today but then fell off a bit
after negative news posted regarding mortgage related losses. In other news,
data posted today regarding retail sales in March. Retail sales rose .4 percent
last month. This number was less than what economists had been expecting for
March. Business inventories posted a .5 percent increase for February, but this
report was also a bit below economist's expectations. By end of day close, the
major indices had recovered and were posting green across the majority of the
stock market tracking boards. The Dow Jones Industrials finished the day off
green by .06 percent at 12,270.99. The Nasdaq finished higher by .61 percent at
2,761.52 and the S&P 500 finished the day higher by .02 percent at 1,314.41.
Author: Frank Matto
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