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The major stock index composites were trending in positive territory this morning prior to opening bell. This was a good sign after seeing the indices go mixed on the last day of March. The Dow Jones and the S&P 500 fell into the red yesterday to close. The last day of March represented the end of the first quarter of 2011 and overall, stocks notched higher for the quarter. Even though stock trends were not significantly higher for the quarter, the gain was still noteworthy due to the context. Investors have had to process and deal with the crisis in Japan, the violence in Libya and the Middle East, rising oil, inflation potentials, budget deficits and more. The gains made in the first quarter are signs of stability for our nation’s economy and verification of improved economic health and growth. Stocks were holding firm this morning and looked to be in good position for gains today, the first day of open trading for April. The market was given a positive push forward with the government’s stronger than anticipated jobs report. The closely monitored report showed an increase of 216,000 jobs in the month of March with the unemployment rate slipping to 8.8%. Other releases due out on the economic calendar for Friday include The Institute for Supply Management’s manufacturing index and the Commerce Department’s report on construction spending. At mid day the major market indexes are all trending in the green. The Dow gained 95.70 points or 0.78% to 12415.43. The Nasdaq increased 19.20 points or 0.69% to 2800.25. The S&P 500 rose 11.00 points or 0.83% to 1336.79. The Treasuries 10 year yield gained 0.01 to 3.47%. Oil rose 0.99 to $107.69 a barrel. The U.S. dollar lost 0.0007 to the Euro at $1.42. Author: Pamela Frost
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