Thursday, October 20, 2011

Todays DJIA, Dow Jones Industrial Average

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dow2664 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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