The primary stock indices in the U.S. have opened this week by carrying over a
bot of the positive momentum that was observed during the closing day of last
week. All three primary indices closed out in the green last session as
investors felt less negative weight holding them back from stock positions. The
Dow Jones Industrial Average closed last session green by 2.53 percent at
11,043.86. This morning, prior to opening bell, stock futures indicated that
stocks would open in higher position again. The positive action that climaxed
towards the end of the last trading session is helping to push trends into
positive territory today. As todays trading session reached the halfway point,
the primary indices are still green. The Dow Jones Industrial Average is higher
by 2.34 percent at 11,302. The Nasdaq is higher by 2.10 percent at 2,570 and the
S&P 500 is in the green by 2.25 percent at 1,189. Investors on Wall Street are
riding the wave of optimism which is stemming, in part, from the positive
resolution talks pertaining to Europes debt crisis. Greeces finance minister
recently reported that the country will receive bailout loans in time to avoid
default. Inspectors will be in the country this week to assess the countrys
financial status and thus the situation will continue to affect markets. For
now, the ease in the debt crisis is helping to push stock indices higher. Frank
Matto
No comments:
Post a Comment