The primary stock indices in the U.S. moved through positive territory during
the majority of the last trading session. Stocks were on the rise due, in part,
to developments relating to the debt bailout plan in the eurozone. Greek Prime
Minister, George Papandreou, appears to be moving away from holding an early
vote on the bailout action plan recently developed by European leaders. His
wavering could increase uncertainty but for now, indices responded favorably. In
addition, the European Central Banks move to stimulate the economy through
interest rate cuts pushed investor optimism and confidence higher. Stock indices
were positively sloped as a result. Economic data which posted during the U.S.
trading session was positively skewed as well. According to the Labor
Department, weekly jobless claims dropped lower by about 9,000 last week. It was
also reported that Labor costs dropped and U.S. worker productivity increased.
As the session reached close, the primary indices in the U.S. were green across
the board. The Dow Jones Industrial was higher by 1.76 percent at 12,044.47. The
Nasdaq was higher by 2.20 percent at 2,697.97 and the S&P 500 was higher by 1.88
percent at 1,261.15. The dollar dropped lower to a handful of other currencies
and gold futures notched higher once again. Frank Matto
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