Global market indicators closed out the previous session mixed but the primary
stock indices in the U.S. finished above break-even. The Dow Jones Industrial
Average, as well as the Nasdaq and the S&P 500, finished the recent trading
session in the green. Officially, the DJIA finished the last trading session
higher by 1.39 percent or 162.42 to close at 11,869.04. The Nasdaq finished the
last session higher by .46 percent or 12.25 at 2,650.67. The S&P 500 finished
off higher by 1.05 percent or 12.95 to close out at 1,242. Stocks finished mixed
in Europe as investors remained cautious ahead of the debt resolution plan being
made public. The debt resolution action plan that European leaders have been
collaborating on is not yet finalized. News was scheduled to post yesterday
regarding this plan, but the details have not yet been nailed down and agreed
upon. Investors remained optimistic that this plan will materialize and
ultimately stabilize European finances. As a result of this positively skewed
outlook, investors helped to push stock indices higher. The past weeks worth of
finishes in the U.S. stock market have been relatively positive overall. October
appears to be in position to end as one of the strongest October finishes for
stocks in the U.S. in quite some time. The S&P 500 and the Nasdaq are both up by
almost 10 percent in October and the Dow Jones Industrial Average is up by
almost 9 percent overall for this month. News from the Census Bureau yesterday
was weaker than expected. Hopes relating to Europe were enough to keep index
trends higher, even with the weak durable goods orders report. The dollar
dropped weaker to the euro and yen. Oil price per barrel dropped but gold price
per ounce rates climbed higher to close. Frank Matto
No comments:
Post a Comment