After a mixed start to the day, the major stock market index composites found
green and ended the day in positive territory for Wednesday. The S&P 500 ended
the day higher by 2.91 at 1335.54. The Nasdaq ended the session higher by 8.63
at 2799.82. The Dow Jones Industrial Average ended the session higher by 32.85
at 12,426.75. Rumors floated throughout the trading session regarding a possible
government shutdown in the United States. Investors worries about this
possibility but also felt pressure from rising oil prices, potential interest
rate increases, and continued turmoil in the Middle East. Through it all, the
major indices found higher ground again. Precious metals did too, for the most
part. Gold and Silver made significant increases again. For today, the Labor
Department will post weekly jobless claims as usual. Also today, the Federal
Reserve will release data relating to February consumer credit analysis. In
addition to these two reports, investors will be waiting to see if the European
Central Bank increases its benchmark interest rate in an attempt to reduce
inflationary potentials. The Commerce Department will post wholesale inventory
data for February to end the trading week. Economists are anticipating that this
report will post a moderate increase over the wholesale inventory report data
from January. Author: Frank Matto
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