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dow2664 The primary indices in the U.S. were pressured once again last session. The Dow Jones Industrial Average , as well as the Nasdaq and the S&P 500, tracked in negative territory throughout the majority of the last trading session. Economic posts last session did not help lift the U.S. indices as reports were skewed toward the negative. The National Association of Realtors made headlines last session as revised home sales data posted. This data reflected home sales statistics all the way back to 2007 and revealed that original sales figures were inaccurate. It turns out that the housing market was hit worse than we originally thought based on the revised numbers from NAR. Although the errors were surprising, they should have minimal affect on the economy and outlook as we move on from this point. Recent new home sales data, as well as home contraction data, has been better than expected. On the flip side last session, existing home sales data posted weaker than expected. The market was also pressured as a result of an earnings drop-off with Oracle. A third negative variable would be the ongoing debt crisis in the eurozone. Ultimately the primary indices in the U.S. finished mixed. The DJIA closed out green by .03 percent at 12,107.74. The Nasdaq finished the last session lower red by over 25 points at 2,577.97. The S&P 500 closed out green by .19 percent at 1,243.72. Frank Matto
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