The positive sentiment continued in the global marketplace during the last
trading session. Primary indicators across the board were pushed higher due to
the debt resolution plan that was agreed upon by European leaders. Primary stock
indices across the globe were pushed in a positive direction as a result of the
European plan. The stock indices in the U.S. finished off their respective
sessions with a bang. The last session was full of positive sentiment regarding
the debt resolution plan. Many proclaim the plan will pull the eurozone out from
under the veil of recession while helping to stabilize finances in the area.
Investors were full of optimism because of this perception. The DJIA climbed
fairly steadily throughout the day and ultimately the primary index composites
in the U.S. finished off the day green across the board. Another day, another
positive close. The positive outcomes have been adding up in the marketplace and
this is turning the month of October into one of the best for stock trends in
years. In other positive economic news, the U.S. government reported that the
U.S. third quarter gross domestic product notched higher at an annual rate of
2.5 percent. In addition to this positively skewed news, the Labor Department
reported that weekly jobless claims dropped lower last week by 2,000 to 402,000.
It was generally a good day in the marketplace. The Dow Jones Industrial Average
closed the day higher by 2.86 percent at 12,208.55. The Nasdaq finished higher
by 3.32 percent at 2,738.63. The S&P 500 finished the day higher by 3.43 percent
at 1,284.59. Frank Matto
No comments:
Post a Comment