The primary index composites continued to feel the negative weight of the
bailout controversy which is ongoing in the eurozone. European stocks finished
lower and the negative sentiment carried overseas to affect the primary index
composites in the U.S. Ultimately, all three primary index composites in the
U.S. closed out mixed for the day. The financial and tech sectors led the market
trend-line decent. The government also released the jobs data for the week and
this data was not exceptional. Initial unemployment claims fell lower by 6,000
to 403,000. Although initial unemployment claims dropped lower, the overall
number of Americans that have completed application for unemployment remains
above the 400,000 mark. This value continues to signify an economy lacking
strength and vitality. Another report that skewed toward the negative was the
data posting via the National Association of Realtors. The Realtors Association
relayed that sales of existing homes dropped lower to an annual rate of 4.91
million in September. Global market indicators closed out their respective
sessions on negative ground. Asian market indices finished below break-even, as
did the primary European indicators. The primary composites in the U.S. finished
mixed. End of day close for the Dow Jones Industrial Average was green by .32
percent at 11,541.78. The S&P 500 finished the day higher by .46 percent at
1,215.39. The Nasdaq closed out red by .21 percent at 2,598.62. Gold futures
dropped back on the day as did Oil price per barrel. The dollar dropped lower
versus the euro and the British pound. Frank Matto
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