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dow2664 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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