Stock Market USA Investing News Today: The primary indices dropped lower across
the board to close out the last trading session in the U.S. The DJIA , as well
as the Nasdaq and the S&P 500 , pushed higher during the initial half of trading
last session only to fall off the relative highs to close out on the negative
side of break-even. Economic news which posted during the last trading session
in the U.S. was generally disappointing. The added weight was too much for the
index trend-lines to support. Weaker than expected economic news in the U.S.
pressures the DJIA, Nasdaq, and S&P 500 indices: The economic news which posted
in the U.S. last session was probably more deflating at this current time when
compared to the recent batch of positively skewed reports experienced during the
opening weeks of January. January had opened the 2012 calendar year positively
and investors were full of optimism. The rally observed through the opening
weeks in January had the primary indices posting marks not seen since 2008.
Yesterday however, the rally hit a road bump in the form of new home sales data
and jobless claims data. New Home Sales and Jobless Claims Economic News USA:
Analysts were anticipating an increase in new-home sales for December. The
opposite outcomes posted however according to the data released via the U.S.
government. According to the statistics, new-home sales in December equaled only
307,000 which was a downgrade from the November stats which totaled 314,000.
According to Census Bureau stats dating back some 4 decades, the 2011 numbers
are the worst on record. The housing market continues to have significant
difficulty making progressive strides to parallel broad based market
progressions recently observed in the U.S. economy. Adding to the negative
weight of the deficient new-home sales data was the jobless claims data.
According to the initial jobless claims data which posted this week via the
Labor Department, Americans making application for jobless benefits rose by
377,0000 for the week ended January 21. DJIA, Nasdaq, S&P 500 Last Session
Close: All three primary indices in the U.S. closed the session in the red. The
Dow Jones Industrial Average finished the day lower by .18 percent at 12,734.63.
The Nasdaq finished the last session in the red by .46 percent at 2,805.28 and
the S&P 500 finished the last session lower by .58 percent at 1,318.43. Frank
Matto
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