XCSFDHG46767FHJHJF
dow2664 Investors felt a wave of optimism as news spread last session that the Greek referendum on austerity measures would not be further pursued Greek Prime Minister has backed away from this idea and as a result, indices in the U.S. last session received a positive bump. In addition to this news, the jobs data that posted was positively skewed. Initial jobless claims dropped by about 9,000 to 397,000. This was significant as the data posted below the 400,000 mark which many economists view as a threshold. Dropping below this threshold is viewed as another positive sign that the Labor Market in the U.S. is improving. The negative trend connected with jobless claims over the last several months is reassuring to investors, and this also helped provide a positive push for stock indices. Prior to opening bell this morning, futures for the primary stock index composites in the U.S. were mixed. Dow Futures were higher but the Nasdaq and S&P 500 futures were red. Global indicators look positive though. The primary composites in Asia closed green across the board. The Nikkei, Shanghai Composite, and the Hang Seng finished the day on positive ground. Stocks dropped weaker in Europe however and the negative sentiment spilled over during the U.S. session. As the session in the U.S. reached the halfway mark, the primary indices were red across the board. The Dow was lower by 1.18 percent at 11,902.64. The Nasdaq was lower by .84 percent at 2,675.37 and the S&P 500 was red by 1.18 percent at 1,246.21. Frank Matto
No comments:
Post a Comment