The Dow Jones Industrial Average soared into positive territory yesterday
during the U.S. trading session. All three primary stock indices in the U.S.
closed out the trading session on positive ground due, in part, to the
dissipation of worry relevant to the European debt crisis. Central banks have
offered financial support and as word of this news spread, European stocks
jumped higher. The positive news was contagious in the U.S. and ultimately
resulted in a broad stock rally. Trading was thin but the market rally was
relatively broad. A majority of the socks from the Dow Jones and S&P 500 found
green by days end. Official close in the U.S. equaled the fourth straight day
that stock indices finished on positive ground. Specifically, the Dow Jones
Industrial Average closed out the last trading session higher by 1.66 percent or
positive by 186.45 points at 11,433.18. The Nasdaq finished the last trading
session higher by 1.34 percent or positive by 34.52 points at 2,607.07. The S&P
500 finished higher by 1.72 percent or positive by 20.43 points at 1,209.11. The
move to insert more U.S. dollars into Europes struggling financial system helped
give investors the extra confidence to position and hold firm with stocks. As of
the fourth trading session for this week so far, the primary indices in the U.S.
are all trending higher by at least 4 percent or more overall. It appears that
this week will end with better than expected results overall. Frank Matto
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