The primary stock indices jumped higher to begin the last trading session of
the week. Futures for the DJIA , Nasdaq and S&P 500 posted green last session
and stocks worked to hold gains throughout the majority of the trading session.
The first several days of trading this week were weak as investors came off the
highs associated with last weeks European summit announcement. Leaders pledged
to unite and work towards economic stability for the eurozone while integrating
solutions to resolve the debt crisis. Investors realize that this is easier said
than done and as a result, worries plagued the first several days of open
trading this week in the U.S. A batch of positive economic reports helped
trend-lines improve on Thursday. Jobless data dropped lower and manufacturing
activity increased. This data represents a positive direction for the U.S.
economy. Trending during the last session however was not as dramatic. Some
investors are beginning to sideline ahead of the extended holiday break. In
addition to the holiday season, trade volume is lighter due to the global
volatility. Investors are less sure of market direction and have thus decided to
refrain. As the trading session came to a close for the week, the primary
indices in the U.S. settled mixed. The Dow Jones DJI was lower by .02 percent at
11,866.39. The Nasdaq was green by .56 percent at 2,555.33 and the S&P 500 was
higher by .32 percent at 1,219.66. Overall for the week, the primary indices
finished the week lower. Frank Matto
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