Stocks experienced a rebound during the latter half of the last trading
session. Economic data posting in the U.S. was better than expected and the news
helped to push composite trend-lines higher. Two positively skewed reports
posted pertaining to jobless claims and the trade deficit. According to the
Labor Department, the number of Americans who applied for initial jobless claims
dropped by 10,000 to 390,000 for the week ended November 5th. This post gave
investors a shot of optimism as it fell below the 400,000 mark which many view
as a noteworthy hurdle. In addition, the trade deficit report revealed that the
deficit for the U.S. narrowed in September to 43.1 billion. So far for 2011,
this gap is the lowest yet. Both reports can be viewed as positive signs for
U.S. economic growth. The positive momentum carried through the evening and
prior to opening bell this morning in the U.S., stock futures for the primary
index composites were posting green across the board. Global markets are looking
brighter as well. Primary indicators in Asia closed out green today and European
markets were higher today as well. Primary indices in Europe closed out stronger
as well. As the session in the U.S. reached the halfway mark today, the primary
indices were green across the board. The Dow Jones was higher at this point by
2.29 percent at 12,166.25. The Nasdaq was higher at this point by 1.96 percent
at 2,676.52. The S&P 500 higher by 2.13 percent at 1,266.09. Frank Matto
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