The primary stock indices struggled to right themselves during the last trading
session of the week. Significant stock sell-offs occurred during mid-week and
indices plummeted on Thursday. Trends attempted to rebound on Friday. Futures
indicated the higher open yesterday and by the mid-day mark in the trading
session, the three primary indices in the U.S. were posting green. The Dow
Jones, Nasdaq and S&P 500 were just above break-even at this point. Commodities
continued to trend back and the dollar lost strength to the euro and British
pound as well. Global market trends added some negative weight to the trading
session though. Primary indicators in Europe and Asia closed out red. The
Shanghai Composite, Hang Seng and Nikkei closed out below break-even in Asia and
European stocks finished weaker as well. Stocks in the U.S. were able to stay
afloat however. The primary indices managed to close green. The Dow Jones
Industrial Average finished green by .35 percent at 10,771.48. The Nasdaq
finished higher by 1.12 percent at 2,483.23 and the S&P 500 finished out higher
by .621 percent at 1,136.43. The dollar dropped lower to the euro and the
British pound. Gold and silver contracts finished lower. The week ended negative
overall for stocks in the U.S. The Dow Jones Industrial Average closed out lower
by 6.4 percent for the week. The Nasdaq finished out the week lower by 5.6
percent. The S&P 500 finished off the week lower by 6.5 percent overall. Frank
Matto
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