Prior to opening bell this morning, stock futures were on the rise. The primary
indices in the United States were positioned for the higher opening this morning
due, in part, to the positive holiday sales weekend. Black Friday was a success
as sales on that day were significantly higher than sales on the same day a year
ago. This was a positive sign for the U.S. economy, and preliminary figures
posting for Cyber Monday are very positive as well. The positive action pushed
indices higher to open this trading week. Last week was a relative loser for
primary global indicators and so the positive trends to open the gates this week
finally gave investors something for which to be thankful. Primary indicators in
Asia closed green today. The Nikkei in Japan finished higher by 1.56 percent.
The Hang Seng in Hong Kong closed green by 1.97 percent and the Shanghai
Composite finished higher by .12 percent. European markets were trending sharply
higher today as well. The FTSE 100, DAX, and CAC 40 closed on the positive side
of break-even. As the trading session reached the mid-day mark in the U.S., the
primary indices were still trending in positive territory. The Dow Jones
Industrial Average was higher by 2.7 percent at 11,543.45. The Nasdaq was green
by 3.63 percent at 2,529.89 and the S&P 500 was green by 3.18 percent at
1,195.46. Frank Matto
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