Todays Stock Market Trending News Review: Trends for the DJIA , as well as the
Nasdaq and the S&P 500, were inconsistent throughout the week as investors tried
to process a mix of global and home based economic reports. Specific home based
economic data in the U.S. has skewed toward the positive more often than the
negative over the course of the last several weeks, but the latter half of this
past week has not been as supportive. The unemployment report was weak as was
the governments report on the number of Americans applying for first time
jobless benefits. Adding to the negative pressure yesterday was the surprisingly
weaker-than-expected report on economic growth in the U.S. According to the
government data, the U.S. economy grew less than analysts were predicting during
the fourth quarter. Specific statistics via the Bureau of Economic Analysis
revealed that the gross domestic product expanded by just 2.8 percent during the
fourth quarter which was about 3 tenths of a percent lower than what many
economists expected. This news was unexpected due to the number of
better-than-expected reports that have posted during the month of January.
Investors were feeling more optimistic about the overall health of the U.S.
economy and the GDP data ultimately leveled some of the growing enthusiasm.
Stock Index Close Marks: European stocks finished the last trading session of
the week lower and this negative action also pulled indices in the U.S. lower.
As of end of day close, the primary index composites in the U.S. finished mixed.
The Dow Jones Industrial Average ended the day lower by .58 percent and closed
at 12,660.46. The S&P 500 finished the last session lower by .16 percent at
1,316.33 and the Nasdaq closed out the last session green by .40 percent at
2,816.55. Frank Matto
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