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dow2664 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. China’s 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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