XCSFDHG46767FHJHJF
dow2664 Although stocks ended the last trading session mostly higher, the week was negative overall. The Dow Jones Industrial Average DJIA , as well as the Nasdaq and the S&P 500, finished the week in the red overall. Specifically, the Dow Jones finished the last session in the red by 2 points at 11,866 and closed the week lower overall by 2.6 percent. The Nasdaq closed up 13 points at 2,555 but closed the week lower overall by 2.5 percent. The S&P 500 finished the day higher by 4 points at 1,220, but closed the week lower overall by approximately 3 percent. Investor worries over the eurozone debt crisis quietly pressured indices throughout the whole of last week. Investors worry that, although European leaders have presented a united front and claim to have a tangible plan to resolve the crisis, making the negative ramifications of the debt crisis dissipate will be next to impossible. Recently, ratings agency Fitch reported that more effective instruments may be needed to resolve the crisis. This spin casts doubt on the current crisis resolution plan. More news should post today regarding the teleconference set between Eurozone finance ministers. The discussion will focus on the new eurozone fiscal compact and should provide some spin for the opening day of trading today. The holiday season is upon us in the U.S. and many hope to receive some good cheer in the marketplace. Historically, the week before Christmas has skewed toward the positive. Investors will observe today to see if the market follows suit this week and spins positive, but the trading volume should remain light through the holidays. Frank Matto
No comments:
Post a Comment