Friday, October 28, 2011

Todays DJIA Dow Jones Average Index DJX DJI, Nasdaq Index, S&P 500 Index; World Economy; Asian Stock European Stock Market Close Today

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dow2664 The Dow Jones Industrial Average, as well as the Nasdaq index and the S&P 500 composite, surged during the last trading session in the U.S. The positive push stems from heightened investor optimism over the European deal that has made headlines during the latter half of this week. The debt crisis in the eurozone continues to be a very tangible problem and the debt resolution action plan, which European leaders are ironing out, is a good start at addressing the issues. Insurance funds are being set up and recapitalization is the name of the game. Additional resources are being pumped in to the eurozone bailout fund and the summit in Brussels appears to be perceived as successful. Global stock indices notched higher after word of the plan spread. Today, world market trends are mixed. Primary indices in the Asian sector finished strong. The Nikkei closed out 1.39 percent higher. The Hang Seng finished higher by 1.68 percent and the Shanghai Composite closed up by 1.55 percent to end the trading week. European indices finished mixed. The FTSE 100 finished red by .20 percent. The CAC 40 went red by .40 percent and the DAX in Germany closed out .10 percent in the green. Prior to opening bell for this last trading session in the U.S., stock futures were posting red across the board. Stocks positioned for the lower open this morning in the U.S. and as the trading session reached the mid-day mark, the primary composites in the U.S. were still moving below break-even. The DJIA was lower by .12 percent at 12,194.44 at this point. The Nasdaq was lower by .42 percent at 2,727.35 and the S&P 500 was red by .36 percent at 1,279.99 at mid-day. Frank Matto



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