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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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