The primary stock indices began to climb higher during the latter half of the
trading session yesterday and then positioned green prior to opening bell this
morning. Stock indices continued the rebound during todays trading session. The
Dow Jones Average, Nasdaq and S&P 500 were green at the mid-day mark and look to
close on the positive side of break-even as the session finalizes. Global
markets performed better today as the primary indicators in the Asian and
European marketplaces were stronger. This sent a positive wave into the American
marketplace and helped support index trends today. Economic reports recently
have been mixed however and so investors accept the positive trends today but
are still cautious about tomorrow. The Federal Reserve Beige Book report
reported the the economy here continues to move forward at a modest pace. As
close was finalizing today, the Dow Jones Industrial Average was green by 2.22
percent or 246 points at 11,386.25. The Nasdaq was higher by 2.75 percent or
about 68 points at 2,542 and the S&P 500 was green by 2.44 percent or about 29
points at 1,194. It appears safe to say that the indices in the U.S. will break
out of the recent negative groove that they have been stuck in for several days.
Frank Matto
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