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dow2664 The primary stock indicators pushed through more positive territory during the opening trading session this week. Global indicators closed on positive ground. European stocks were significantly stronger last session. This positive action, paired with the better than expected sales from Black Friday through Cyber Monday, helped push the primary indices in the U.S. higher. The stronger than expected sales during this time period pumped up investor confidence and optimism. This resulted in investor positioning which pushed stocks towards solid gains. The Dow Jones Industrial Average, Nasdaq, and S&P 500 closed green across the board. For now, the anxieties pertaining to the eurozone debt crisis have subsided which allowed indices to rise. The DJIA finished the day stronger by 2.59 percent at 11,523.01. The Nasdaq closed higher by 3.52 percent at 2,527.34 and the S&P 500 finished the day green by 2.92 percent at 1,192.55. The positive outcomes for stocks ended a several day losing streak for the three primary indices in the U.S. It was a broad rally but Europe’s situation is still unresolved and the reality of this is likely to set in as the week moves forward. New home sales data in the U.S. rose in October by 1.3 percent. Gold futures rose as did oil price per barrel. The dollar dropped lower to the euro last session. Frank Matto
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