After three days of stock sell-offs, the major market index composites pushed
higher through the first half of the trading session today in the United States.
All three major composites were posting numbers in the green by the halfway
point of today's stock market trading session. The Nasdaq was higher by .51
percent at 2797.54 at this point. The S&P 500 was higher by .42 percent at
1334.56 and the Dow Jones Industrial Average was green by .18 percent at
12501.75. It has been a choppy week for the stock market and Wall Street
investors were hoping to see trends rally higher this week after the last two
weeks of flat to negative trends. We began to see some positive trending today.
Stocks edged higher during the first half of the trading session today after
several positive earnings reports posted and as investors waited in the Feds
minutes report from April. The big news was this afternoon from the Fed's
report. Investors were curious to glean information pertaining to monetary
policy tightening and when this might occur. The meeting minutes posted this
afternoon and revealed that key players still dont agree on when to begin
raising interest rates and whether inflation is a major threat or just a minor
annoyance. Stocks ultimately moved higher today on the boost received from
energy and tech shares. As closed was finalizing, the major index composites
were green. The S&P 500 was green by .88 percent at 1341. The Nasdaq was green
by 1.14 percent at 2815. The Dow Jones was finishing up the day higher by .64
percent at 12559. Author: Frank Matto
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