The Dow Jones Industrial Average, DJIA, finished the last trading session
higher by 1.45 percent or positive 166.36 points at 11,644.49. The S&P 500
finished higher as well by 1.74 percent or positive 20.92 points at 712.46. The
Nasdaq finished the last session higher by 1.82 percent or positive 47.61 points
at 2,667.85. The market indices in the U.S. rallied throughout the past week and
investors are hoping to observe similar trends as this trading week moves
forward. Earnings posting this past week were better than expected with Google
leading the way. Google closed out the last session higher by 5.85 percent. The
positive action helped to boost indices in the U.S. higher and allowed investors
to feel more optimistic about the third quarter earnings season overall. All
three primary stock indices finished in positive territory for the week overall
as well. The Dow Jones Industrial Average closed higher for the week by 4.9
percent. The Nasdaq closed out the week higher by 7.6 percent and the S&P 500
finished the week positive by 6 percent overall. The Dow Jones Average and the
Nasdaq are now back in positive territory for the year and this fact also gives
investors reason to feel more optimistic. The positive action observed in the
market last week pushed thoughts of another U.S. recession a little further back
in the minds of investors on Wall Street. Investors will be keenly focused on
earnings data this week to see if the momentum continues in tangible form. Frank
Matto
No comments:
Post a Comment