DJIA, Nasdaq, S&P 500 Stock Market Investing News: The primary index composites
in the U.S., the Dow, Nasdaq, and S&P 500 , struggled once again during the last
trading session. Investors are transitioning into the new year and focusing once
again on the turmoil stemming from the eurozone sovereign debt crisis. As a
result, market indicators are being pressured lower. The first quarter of the
new year should be moderately volatile as leaders attempt to work through the
crisis. Eurozone leaders are set to meet once again by this months end to review
the resolution action plan. Many investors though are skeptical that any plan
will be significant enough in scope to resolve all issues comprehensively.
Overseas news mixed with home-based data last session which was positively
skewed. Private sector employer data was positive and the initial unemployment
claims came in better than expected as well. According to the ADP report,
private sector employers added 325,000 jobs in December. This news was far
better than the 180,000 increase that was expected. In addition, the Labor
Department reported that initial unemployment claims came in lower at 372,000
for the week ended December 31. The ISM index moved up to 52.6 in December as
well. This data helped support positive market trends during the session. Dow,
Nasdaq, S&P 500 Indices: As off the end of the end of day close in the U.S., the
primary indices finished mixed. The DJIA was red while the Nasdaq and S&P 500
closed in the green. The Dow Jones Industrial Average closed last session lower
by .02 percent at 12,415.70. The Nasdaq finished higher by .81 percent at
2,669.86. The S&P 500 finished the session higher by .29 percent at 1,281.06.
Frank Matto
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