The primary stock market index composites bumped higher last week and finished
in positive territory for the first time in four weeks of trading. Economic
reports have been mixed in the U.S., as have global indicators in overseas stock
markets. It was a pleasant surprise for many to see the stock indices in the
U.S. close out the week on the positive side of break-even. The Dow Jones Closed
last session higher by 1.21 percent at 11,284.54. Investors on Wall Street are
hoping to carry over some of this positive momentum this week. All indicators at
this time point towards a standard opening for the New York Stock Exchange.
Worries were rising over the potential that storm related damage along the east
coast would prevent the opening bell from ringing at its standard time. Mayor
Bloomberg lifted the evacuation order and so the NYSE should be buzzing as
usual. Now that investors no longer have to worry about a continued threat from
Irene, they can now focus attention on jobs and the ongoing debt crisis in
Europe. Pressures are building and maintaining positive trends will be a
challenge as the week opens. Frank Matto
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