The stock market in the U.S. continued to rally during the weeks opening
session yesterday. Positive momentum built last week as investors felt more
optimistic regarding the debt bailout action planing ongoing in the eurozone.
Trends in the U.S. have fed off of the positive sentiment relating to the
progressive action planing. European stocks finished stronger last session and
the positive outcomes helped to boost indices higher in the U.S. The primary
index composites in the U.S. also pushed higher due, in part, to the
better-than-expected batch of earnings reports that have recently posted.
Caterpillar gained the headlines today with its record grabbing third quarter
revenue report. The company reported that year to year earnings increased by
over 50 percent. End of day share value for Caterpillar Inc. closed higher by
5.01 percent at 91.77 according to MSN Money Stock quotes. As the day finalized
in the U.S. last session, the primary index composites were green across the
board. The Dow Jones Industrial Average was higher by .89 percent at 11,913.62.
The Nasdaq was higher by 2.35 percent at 2,699.44. The S&P 500 was higher by
1.29 percent at 1,254.19. The dollar dropped lower to a handful of other
currencies. Oil price per barrel rose higher as did gold price per ounce rate.
Frank Matto
No comments:
Post a Comment