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dow2664 After starting the first half of the week in volatile fashion, the major stock indices in the U.S. are finishing the latter half with more positive trends. As the trading session approached close today, the major market index composites are posting green and it appears that the Dow Jones may close out in positive territory for two consecutive days. If this happens, it would be the first time the index closed in the green on two consecutive days in over a month. Just as stock index trends have been mixed this week, so too were the economic reports posting today. According to the University of Michigan’s consumer sentiment survey, the consumer sentiment index dropped significantly from 63.7 to 54.9. This reading equaled the lowest level for the index in 30 years. Other news posting today was better. The Commerce Department released the retail sales report for July and the data was better than expected. Retail sales rose .5 percent in July. The Department also reported that business inventories rose .3 percent in June as well. European stocks did better today and this also helped boost investor confidence. The dollar moved ahead of the euro and gold prices dropped lower. Just prior to official close for today’s session, the major indices were green across the board. The Dow Jones was higher by 1.10 percent at 11,266. The Nasdaq was higher by .72% at 2,510 and the S&P 500 was higher by .54 percent at 1,179. Frank Matto
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