The stock market in the U.S. continues to move up and down. The DJIA, Nasdaq
and S&P 500 are highly influenced right now by variations in global market
trends, especially in Europe. Europes trends are highly volatile right now due
to the continuing debt and credit concerns that are ongoing in the eurozone.
Investors are having difficulty finding consistency and are thus having
difficulty feeling overly confident about the marketplace right now. Optimism
was on the rise today though. It should be noted that gains are observed with a
tempered acceptance right now due to the recent choppy history of market trends.
Today, investors felt improved optimism due to the ongoing news that China will
work to purchase bonds in the eurozone marketplace. This helped push eurozone
indicators higher today and as a result, U.S. stock indicators moved higher.
Economic news was mixed today in the U.S. marketplace. The retail sales data
from the Department of Commerce showed that sale only bumped higher by .1
percent. This was below expectations. The Producer Price Index posted via the
Labor Department and revealed that prices generally remained unchanged. Also,
according to the Department of Commerce, business inventories rose .4 percent in
July. As the trading session approached close in the U.S., the primary stock
indices were still trending green. The Dow Jones was higher by 225 points at
11,322. The Nasdaq was higher by 56 points at 2,588 and the S&P 500 was higher
by 22 points at 1,195. The rally is gaining momentum for stocks. Investor
confidence continues to grow. Frank Matto
No comments:
Post a Comment