The Dow Jones Industrial Average, Nasdaq and S&P 500 rebounded during the
latter half of the last session to close out the day on the positive side of
breakeven. The positive close helped the DJIA avoid its ninth consecutive close
in the red and investors felt a slight sigh of relief. No major catalyst can be
fingered for causing the turn around with stocks yesterday as economic posts
were generally flat to somewhat negatively skewed. The major index composites
finished green across the board however. The DJI closed out higher by 30 points
at 11,896. The Nasdaq closed higher by 20 points at 2,313 and the S&P 500
finished out higher by 6 points to close at 1,260. This was good news. The
negative side is that there is still a negative side. Weak economic reports have
been ample over the past week and investors worries continue to fester. Safe
haven gold prospered in this environment and hit a record 1,675.90 per troy
ounce at one point during the last trading session. Scheduled for today,
investors will look to the Labor Departments report on weekly initial jobless
claims. Most eyes will look ahead to the highly anticipated jobs report
scheduled to post on Friday. Investors hope to see the green trends continue
during the latter half of the week. Frank Matto
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