The DJIA finally was able to avoid another consecutive trading session close on
the negative side of break-even. The major indices in the U.S. have been
pressured over the past week and last sessions positive close was a bit of a
surprise. The rebound happened during the latter half of the trading session and
ended with the Dow, Nasdaq and S&P 500 posting green across the primary stock
index tracking boards. Specifically, the Dow Jones Industrial Average closed out
the last session higher by .25 percent or 29.82 and finished the day at
11,896.44. At one point, the Dow Jones Industrial Average had been down by more
than 165 points, but was able to make a turnaround and climb the ladder. Had the
Dow Jones not finished in the green, it would have equaled the worst losing
streak for the composite in decades. As it stands, the negative string of days
for the DJI ends at eight. The index finished strong for the day but component
stocks continue to feel the pressure. General Electric stock was able to finish
off the day in the green though. GE finished higher on the day by 1.51 percent
or +.26 and closed out at 17.47 according to MSN Money. Frank Matto
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