Dow, Nasdaq, S&P 500 Index Stock Market News Today: The primary U.S. index
composites, Dow , Nasdaq, and S&P 500, finished the opening week of the 2012
calendar year with positive trend-line action overall. Economic reports last
week were positively skewed. The jobs data was better than expected and this
helped to combat the ongoing negative sentiment relevant to the eurozone debt
crisis. This week, investors will focus more on fourth quarter earnings reports.
The hope is that a batch of positively skewed earnings data will help further
combat the negativity stemming out of the eurozone. The debt crisis appears to
be more in focus now that the holiday season has passed and no clear end to the
crisis is mapped out at this point. European leaders will meet once again during
the latter half of this month to discuss the action plan. Questions remain
regarding the effectiveness of the action plan and the uncertainty continues to
pressure the global marketplace. Primary index close marks: Primary indices in
the eurozone finished in the red. The FTSE closed lower by .66 percent. The DAX
finished lower by .67 percent and the CAC 40 closed out red by .31 percent. In
the U.S., the primary index composites felt the pressure but ultimately closed
closed the opening trading session of the week in the green. The Dow Jones
Industrial Average closed higher by 32.77 at 12,392.69. The Nasdaq finished the
day higher by 2.34 at 2,676.56 and the S&P 500 finished the last session green
by 2.89 at 1,280.70. Indices were supported by the better than expected consumer
credit data. According to the data stemming from Federal Reserve statistics,
consumer credit increased at an annual rate of 9.9 billion in November to 20.4
billion. This was better than what had been anticipated. The dollar fell
alongside oil price per barrel and gold futures last session. Alcoa Earnings:
After last session close, Alcoa reported a quarterly loss of 193 million. Even
though the loss was reported, share value stayed positive. After hour share
value stayed out of the red just after the announcement was made. Prior to that,
end of day close for Alcoa posted at 9.48 and was up at that point by .58
percent. Frank Matto
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