The primary stock index composites finished off the opening trading session
this week in the green. The Dow Jones Industrial Average closed over 250 points
higher yesterday as a result of several positive economic reports that posted
during the day. Personal income and spending data was better than expected and a
positive sign for investors. The strength and damage due to Irene was also less
than expected which also added a bit of a silver lining for investors as the
NYSE opened and did business as usual Monday. This mornings data, prior to
opening bell, painted a different picture however. Stock futures for all three
primary composites in the U.S. were posting in the red. World markets were mixed
at this point and this applied negative pressure for the open of the U.S.
marketplace. As the session approaches the halfway point today, the primary
stock indices show mixed trending. The Dow dropped 14.65 points or 0.13% to
11,525. The Nasdaq gained 5.60 points or 0.22% to 2,567. The S&P 500 lost 1.16
points or 0.10% to 1,209. The U.S. Treasuries 10 year yield was down 0.10 to
2.18%. Oil gained 1.39 or 1.59% to $88.66 a barrel. Gold soared 39.60 or 2.22%
to $1830.80 an ounce. Author: Pamela Frost
No comments:
Post a Comment