Prior to opening bell, U.S. stock futures for the primary index composites were
posting green across the boards and as the trading session in the U.S. reached
the mid-day mark, the trending continued in positive territory. The Dow Jones
Industrial Average was higher by 1.62 percent at 10.945.47. The Nasdaq was
higher by .51 percent at 2,495.96. The S&P 500 was higher by .92 percent at
1,147. Investors continued to closely follow European economic troubles that
remain in the headlines across the globe. The news took precedent over reports
on the economic calendar today, including a report on new home sales that
indicated a drop of 2.3% in August to an annual rate of 295,000. As the close of
the trading session approached, stocks surged with optimism regarding the global
marketplace and the debt resolution strategy in the eurozone. The major market
indexes all closed in the green. The Dow gained 272.38 points or 2.53% to
11,043.86. The Nasdaq increased by 33.46 points or 1.35%. The S&P 500 rose 26.52
points or 2.33% to 1162.95. Oil gained 0.39 or .049% to $80.24 a barrel. Gold
dropped 45 or 2.74% to $1594.80 an ounce. Silver decreased by 0.125 or 0.42% to
$29.98 an ounce. The US Treasuries 10 year yield gained 0.10 to 1.90%. Author:
Pamela Frost
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