The up and down week continues for the marketplace. Stock futures were posting
green prior to the opening bell of last session, and trends remained stronger
throughout the whole of the last trading session. 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. Stocks were pushed higher on the
positive data posting via last sessions jobs report. According to the government
stats, the number of Americans completing applications for first time
unemployment benefits fell lower. According to the report, only 364,000
Americans filed for first time unemployment benefits last week. This number was
lower than the previous weeks data by approximately 4,000. The
lower-than-expected filings represent the lowest number of unemployment filings
since 2008. Since the number of Americans filing for first time unemployment
benefits was expected to rise, the lower number was a significant positive
surprise. Again, with trading volume being below average during the holiday
season, any positively skewed report seems to have a greater overall affect on
average. In addition to the positive jobs data, stocks in the U.S. absorbed
positive momentum from the stronger stock outcomes in the eurozone. Primary
indicators there finished their respective sessions green as well. As of end of
day close in the U.S., the Dow Jones Industrial Average finished the session
higher by .51 percent at 12,169.65. The Nasdaq finished the session higher by
.83 percent at 2,599.45. The S&P 500 closed out the last session higher by .83
percent at 1,254. Frank Matto
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