Stock Market Economic News Today: The primary index composites in the U.S.
received a boost from the better than expected global reports that posted last
session. The positively skewed data out of China and Germany helped to reduce
the negative fallout from the recent S&P credit rating downgrades. S&P recently
downgraded the credit rating of nine eurozone nations and investors in the U.S.
were bracing for the negative backlash during the opening session yesterday.
Instead, focus last session related to a couple global indicators that
represented overall economic growth. Chinas government reported that growth in
the region, at an annual rate of 8.9 percent, was not as slow as analysts were
anticipating. Paired with the positive data out of Asia, economic data posting
in the eurozone and America was better than expected. A German sentiment index
skewed positive and the New York regional manufacturing report posted better
than expected as well. The positively skewed global economic reports were enough
to divert attention away from the recent S&P downgrades of nine eurozone
nations. Ultimately, the primary indices in the U.S. finished on the positive
side of break-even across the board. DJIA, Nasdaq, S&P 500 Close Values: The Dow
finished the last session higher by .48 percent at 12,482.07. The Nasdaq
finished the last session higher by .64 percent at 2,728.08. The S&P 500
finished the last trading session higher by .36 percent at 1,293.67. Stocks
finished the last week higher overall across the board and carried the momentum
to open this trading week. Frank Matto
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