Stock market trends began to show some volatility during the last open market
trading session in the U.S. Prior to last session, stocks were in rally mode and
surged higher after European leaders posted an agreement relative to the
eurozone debt resolution action plan. Investors came off of the high and index
trends wavered during the last session. Momentum lost steam and the primary
indices in the U.S. finished the day mixed. The Dow held green to finish the
Friday at 12,231.11. The Nasdaq went red however to close at 2,737.15. The S&P
500 held green to close out at 1,285.09. Investors hope to see the primary
indices continue to climb the ladder to close out this last day of October. It
is Halloween and investors hope there are no tricks in store. October is poised
to close out green across the board as one of the best Octobers in decades.
Details of the eurozone action plan are still to come and investors will need
more reassurance to keep sentiment positive and confidence above average. Greece
will be first in line to receive financial support, but other countries are in
line and in need of support as well. More information is expected to be released
in November when leaders meet for the G-20. The debt crisis in Europe, as well
as the developing action plan in to support European countries, will be a
primary topic of discussion and debate. Trends this week will move, in part,
according to majority reactions that develop relevant to eurozone action plan
news. Frank Matto
No comments:
Post a Comment