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dow2664 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. Europe’s 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
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