This past trading week was mostly positive. Stocks rallied during the majority
of the trading week on hopes of a debt resolution plan. European leaders came to
an agreement after marathon discussions Wednesday into Thursday and stock
indices surged. Mixed results were observable however during the last trading
session of the week. Primary global indicators went red and the primary index
composites in the U.S. posted trend-line movement on the negative side of
break-even for the majority of the session. The momentum from the initial stock
rally appeared to trail during the final hours of Thursdays trading session.
This negative action continued during the initial half of Fridays session.
European leaders have collaborated and come to an agreement which will help the
eurozone avert debt default and help the region step towards financial
stabilization. Now, questions are beginning to surface relative to plan details,
and the world wants to know more. In the meantime, doubt is surfacing once
again. This doubt began to negatively pressure the primary index composites.
Officially, the primary index composites in the U.S. ended the last trading
session mixed. The Dow Jones Industrial Average finished the day off in the
green by .18 percent to close out at 12,231.11. The Nasdaq finished red by .05
percent at 2,737.15 and the S&P 500 closed out green by .04 percent at 1,285.09.
Oil per barrel dropped to 93.32 and gold fell back .50 as well on the day. The
dollar gained strength versus the euro. Frank Matto
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