A batch of positive economic data posted in the U.S. during the latter half of
the trading week which helped to keep indices in the green. The Dow Jones
Industrial Average , as well as the Nasdaq and the S&P 500, finished the last
trading session on the positive side of break-even. In addition to the
better-than-expected home based reports, indicators in the eurozone closed
recent trading sessions in the green as well. The CAC 40, DAX, and the FTSE 100,
finished the most recent trading session in the green. This action added to the
positive momentum gathered by the primary stock composites in the U.S. on
Friday. Reports on Thursday of this week helped to lift the U.S. indicators
also. The better-than-expected stats on unemployment in the U.S. helped to give
investors a shot of confidence. The government data revealed that the number of
applications for first time unemployment benefits dropped from 368,000 two weeks
ago to 364,000 last week. This marks the lowest level for unemployment claims in
the U.S. since 2008. Also, Americans were happy to hear of the payroll tax
extension. Taxes will not increase as of January 1st 2012, and this news was
very welcomed by many. Close for Dow Jones Industrial Average, Nasdaq, S&P 500
Indices USA: Ultimately, the primary indices in the U.S. finished the last
session green across the board. The Dow Jones Industrial Average closed the last
session higher by 124.25 points and closed at 12,294. The Nasdaq finished the
day higher by 19.19 points to close out at 2,618.64 and the S&P 500 settled
higher by 11.33 points to close out at 1,265.33. The dollar fell versus the
euro, Japanese yen and the British pound. Gold futures dropped to 1606 per troy
ounce. Frank Matto
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