The stock market pendulum swung back to the positive side of breakeven last
session. The major U.S. composites rebounded again as the DJIA, Nasdaq and S&P
500 closed out the last session in the green. The Dow Jones finished higher by
3.9 percent at 11,143.31. The Nasdaq closed out higher by 111.63 points to
finish at 2,493 and the S&P 500 closed out higher by over 4.6 percent at 1,172.
European stocks moved higher last session and this positive action carried over
to help support stock index trends in the U.S. In addition, positive earnings
data on the day paired with better than expected numbers from the Labor
Department helped to boost investors confidence. According to the data from the
Labor Department, weekly jobless claims dropped lower by 7,000 from the previous
week. This helped to steady investors hands and pushed index trends higher at a
more consistent pace. The positive consistency was contagious and by days end,
the Dow had surged higher by over 400 points. Investors on Wall Street hope to
see this positive action carry over into todays trading session. On the docket
for the day will be the consumer sentiment reading as well as the July retail
sales data. JC Penney will release earnings data this day as well. Frank Matto
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