Wednesday, February 8, 2012

Todays DJIA Dow Jones Industrial Average DJI Index; Glencore GLCNF takes Xstrata; Dow, Nasdaq, S&P 500 Stock Market News Today

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dow2664 The primary indices finished green across the board last session, as did precious metals GOLD and silver. The Dow Jones Industrial Average finished the day higher by .26 percent at 12,878.20. The Nasdaq finished the session higher by .07 percent at 2,904.08 and the S&P 500 closed higher by .20 percent at 1,347.05. All three indices finished green one day after closing red across the board. Investors felt heightened anxiety to open this trading week due, in part, to the ongoing eurozone debt crisis. Leaders continue to work towards a resolution plan in Greece to avoid debt default. The deadline is now just over a month away and the world is growing more anxious by the day. The primary indices were able to avoid being dragged lower despite the increased concerns. Big company news last session related to the Xstrata deal. Glencore International GLCNF purchased Xstrata for $61.9 billion. This deal will go into the books as the biggest mining takeover deal in history. Glencore closed the last session negative by 4.34 percent on the day. Year to date change for Glencore International PLC is positive by 16.89 percent. Today’s Primary index Trends Prior to opening bell: The futures for the primary index composites in the U.S. were posting green across the board prior to opening bell today. The Dow futures were positive by .15 percent. The Nasdaq futures were positive by .23 percent and the S&P 500 futures were posting green by .06 percent at this point. Frank Matto



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