Thursday, October 20, 2011

Todays DJIA, Dow Jones Industrial Average

The primary index composites in the U.S. were mixed during the course of the
last trading session. The ebb and flow of domestic and global economic data
continues to polarize many investors in the current marketplace. The uncertainty
has kept the DJIA trends, as well as the Nasdaq and the S&P 500 index trends,
unpredictable. The uncertainty surrounding the European debt crisis remains a
burden which negatively weighs on stock market index trends. Earnings data is
making headlines and some reports have skewed positive. But while the debt
crisis plays out in the eurozone, any positive sentiment will be tempered.
Financial sector stocks did better than expected last session while other
economic data was weaker than expected. The negative CPI post continues to
plague investors. Future building permits fell as well. On the flip side, global
indices in Europe finished their respective session in the green yesterday. The
CAC, DAX and the FTSE 100 closed out on the positive side of break-even. This
action helped to provide indices in the U.S. a subtle boost but ultimately fell
short of prompting a positive close in the U.S. In the latter half of the last
trading session, the Federal Reserve released its Beige Book report. Many viewed
the report as skewed towards the negative. The report cited slight economic
growth in the U.S. and also implied that business projections were murky at
best. As usual, the real estate sector remained a weak point of the report. As
the end of trading became official and the numbers were finalized, the primary
index composites in the U.S. were negative across the board. The Dow Jones
Industrial Average was lower by .63 percent at 11,504.62. The Nasdaq was lower
by 2.01 at 2,604.04. The S&P 500 was lower by 1.26 percent at 1,209.88. Frank
Matto

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