Stock Market Trends; DJIA, Nasdaq, S&P 500 Today: After closing the last
several trading sessions of January on a weaker note, the primary U.S. indices
climbed higher during the opening trading session of February. Although the DJIA
, as well as the Nasdaq and the S&P 500 finished the month of January higher
overall, the last weeks worth of sessions were mixed. Investors were happy to
see the trends climb higher as February opened. Economic date during the session
was mixed however. Economic News Posts Today: Economic news posting in the U.S.
last session was mixed again. According to the ADP report, companies added
170,000 jobs in January which ended up being weaker than what analysts were
expecting. In addition to this negatively skewed report, the Institute for
Supply Managements index of manufacturing activity posted at 54.1 last month and
this was several tenths below the expected estimates. Adding to the mixed bag of
reports was the data that reflected a rise in U.S. construction spending. The
Commerce Department said that building outlays rose by almost three times that
which was expected. Ultimately, the market found positive ground during the
session and the positive trends were viewed as an extension of the overall gains
marked in January. Todays Trends for the Dow Jones Industrial Average, Nasdaq,
S&P 500 Close Review: All three primary index composites tracked positively
during the opening session of February. The Dow Jones Industrial Average
finished the last session higher by .66 percent at 12,716.46. The Nasdaq
finished the last session higher by 1.22 percent at 2,848.27. The S&P 500 closed
the last session higher by .89 percent at 1,324.09. Frank Matto
No comments:
Post a Comment