The major stock index composites have been trending in positive territory for
the majority of the day. Futures were positioned higher this morning and indices
have moved in the green since. As the trading session approached close for the
day, The DJIA, Nasdaq and S&P 500 continue to move positive territory. Global
news has been positive. Asian markets ended with moderate gains and European
stocks finished in the green as well. In addition to the better than expected
global outlook today, merger action has been making headlines. The Google deal
is putting a positive spin on the day for investors as well. Google has agreed
to buy Motorola Mobility for 12.5 billion. As news of this merger spread, stocks
pushed higher and indices climbed the ladder. This positive news was paired with
the weaker than expected Empire State manufacturing report. This index revealed
that factory activity fell in August. This marked the third consecutive month in
which this index dropped lower. Specifically, the index reading was negative
7.72 which was worse than what economists had been anticipating. The dollar
dropped weaker today and gold futures rose higher. Approaching close, the Dow
Jones was higher by 1.66 percent at 11,45. The Nasdaq was higher by 1.49 percent
at 2545 and the S&P 500 was positive by 1.87 percent at 1,201. Frank Matto
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