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 Europes 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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