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dow2664 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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