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dow2664 Today's Dow Jones Industrial Average spent time trending in a negative direction today. Disappointing economic news that posted during the first half of today's trading session placed a blanket of negative sentiment over Wall Street today and investors felt the weight of the negative pressure. Today's stock market analysis reveals that as of the halfway point in the trading session, the major market index composites were posting numbers in the red. The Dow Jones Industrial Average was negative by .76 percent at 12,710.07 at this point in the day. Posts were weak today and the market moved lower early on in the session. The Institute for Supply Management nonmanufacturing index fell almost 5 points to a reading of 52.8 for April. Analysts were expecting the index to improve over the value posting from March but service sector activity actually weakened. In addition to this negatively skewed report, the ADP report revealed less than expected results also. According to the Automatic Data Processing report, only 179,000 positions were added in April. These numbers were lower than those that posted in March and less than the numbers that were forecasted by many economists leading up to this day. Both reports were less than expected and thus both applied negative pressure to investors during this trading session. The stock market today struggled today to push composite results green as a result. Approaching close, the major index composites in the United States were posting red. The Dow Jones Industrial Average was red by .68 percent at 12719.95. The Nasdaq was red by .47 percent at 2828.23 and the S&P 500 was red by .69 percent at 1347.24. The dollar had sunk to an 18 month low today. Author: Frank Matto
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