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dow2664 The primary index composites spent the majority of the last trading session trending in the green. The Dow Jones Industrial Average, along with the Nasdaq and the S&P 500 were pushed higher due, in part, to the positive ramifications of jobs data that posted last session. Although the national unemployment rate still remains above the 9 percent mark, weekly jobless claims dropped in noteworthy fashion last week. According to the government data that posted yesterday, there were 391,000 initial jobless claims that were documented for the week ending September 24. This number was down by almost 40,000 from the week prior and equals one of the best readings for this measure in over five months. Even though this is just one week’s worth of data and does not make a trend, it was enough to push primary stock indices higher overall for the day. In addition to this positively skewed data, investors were also feeling optimistic due to the news stemming from the eurozone. Germany’s parliament approved actions relevant to the eurozone bailout initiative. Other good news stemmed from the GDP data. This report revealed that the U.S. economy grew at an annual rate of 1.3 percent in the second quarter. This percentage was better than expected and when paired with the unemployment numbers and progressive actions being taken in the eurozone, investor confidence was on a relative high in the U.S. marketplace. The Dow Jones finished off the day higher by over 143.08 points and closed at 11,153.98. Frank Matto
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