Todays DJIA, Nasdaq, S&P 500 News: Market news and reactions appeared to be
reversed during the last trading session. The primary stock indices were
pressured during the session, but it might be for reasons that you would not
expect. The DJIA , Nasdaq, and S&P 500, were weighed down during the last
trading session due to weaker than expected economic home based economic
reports. After a batch of reports in the U.S. skewed toward the positive, the
negatively skewed reports last session were surprising for some. Ultimately
though, the primary indices found positive ground to close. Unemployment benefit
claims, as well as retails sales data, posted weaker than expected and applied
the primary pressure to the indices last session. Negative weight stemming from
the eurozone debt crisis sat on the back back burner. According to the
governments statistics, the number of Americans that applied for initial
unemployment benefits for the week ended January 7th calculated to 399,000. This
was almost 25,000 more applications made than analysts had expected. Also, the
data stemming from the retail sales report was weaker than expected. According
to this report, the number of retail sales for the month of December rose only
.1 percent which was also below what analysts were anticipating. Stock indices
absorbed the weaker than expected economic reports and still closed in the green
across the board. Dow Jones Close, S&P 500 Close, Nasdaq Close: The Dow Jones
Industrial Average finished the last session in the green by .17 percent and
posted a closing value of 12,471.02 for the last session. The Nasdaq index
finished the day in the green by .51 percent and posted a closing value of
2,724.70. The S&P 500 finished the day in the green by .23 percent and posted a
floor price of 1,295.50 Stocks were challenged throughout the last trading
session, but ultimately managed to end the day on the positive side of
break-even. Frank Matto Frank Matto
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