The primary indices in the U.S. struggled through the majority of the trading
session today. The Dow Jones Industrial Average, as well as the Nasdaq and the
S&P 500, spent the majority of the session pushing through negative territory.
Negative pressure stemming from developments in the eurozone kept investors
worries high and stock index trends lower. As of the mid-way point in the U.S.
session indices were still red, but then the rebound initiated for the primary
composites. Just prior to close for the trading day today, the primary indices
were posting green across the board. Economic data posted this day which
ultimately lifted investor morale and helped the primary indices slope
positively. According to government data, retail sale figures were better than
expected at positive .5 percent for October. This was better than the .4 percent
increase that most economists were expecting. In addition to this positively
skewed report, the Empire state manufacturing index came in positive for the
first time in over four months. The index posted a reading of .6 which was far
better than the negative 8.5 that posted last reading. As the session approached
close today, the Dow Jones Industrial Average was higher by .62 percent at
12,153.49. The Nasdaq was higher by 1.36 percent at 2,693.34 and the S&P 500 was
higher by .89 percent at 1,262.91. Frank Matto
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