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dow2664 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 Department’s 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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