The initial half of the trading week has been negatively skewed and the primary
stock indices in the U.S. pushed through negative territory. The DJIA, as well
as the Nasdaq and the S&P 500, closed red during the opening three trading
sessions this week. Although stocks rallied as an initial response to the
announced eurozone action plan, investor worry settled in again regarding the
resolution process and the lack of plan details associated with the European
leaders announcement. The weakness and volatility in the European market remains
and investors question the feasibility of the resolution plans in the eurozone.
The debt crisis is wide ranging with many eurozone members involved. The
logistics of ironing out responsible budgets for all is mind boggling. There are
still ample hurdles to jump at this point and with the end still far away,
investors continue to hold anxieties relevant to the short and long term
economic outlooks. As the trading session wrapped up last session, the primary
indices in the U.S. finished on the positive side of break-even for the first
time this week breaking a three day losing streak. Jobs data posted last session
in the U.S. and was better than expected. According to the Bureau of Labor
Statistics Produces Price index for November increased by .3 percent. The Labor
Department posted initial unemployment benefit applications dropped to 366,000
last week. This mark represented the lowest level for that particular statistic
in over 3 years. The positive report sparked a rally in the U.S. marketplace
last session. The Dow Jones Industrial Average finished the day higher by .38
percent at 11,868.8. The Nasdaq was higher by .07 at 2,541.01. The S&P 500
finished the day higher by .32 percent at 1,215.75. Frank Matto
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