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dow2664 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 investor’s hands and pushed index trends higher at a more consistent pace. The positive consistency was contagious and by day’s end, the Dow had surged higher by over 400 points. Investors on Wall Street hope to see this positive action carry over into today’s 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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