Saturday, February 4, 2012

Todays Dow Jones Industrial Average DJIA index; Nasdaq Index; S&P 500 Index; Stock Market Investing Finance News Today

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dow2664 Stock Market Economic News Today: The DJIA , as well as the Nasdaq and the S&P 500 , tracked positively during the opening month of 2012. Investors were hoping to observe the positive trends for the Dow Jones and other indices continue into February, but the first couple days of February trading culminated in mixed outcomes. The eurozone debt crisis continued to weigh index trends down, and home based mixed economic reports kept investors uncertain. The positive momentum of January’s stock trends appeared to be dissipating. But then the much awaited jobs data posted last session and provided news that would lift indices and investors’ confidence. Government data revealed that the national unemployment rate dropped to 8.3 percent which was far better than most analysts were anticipating. The rate drop marked one of the lowest since 2009. The news sparked a broad based rally throughout the U.S. marketplace. The Dow Jones Industrial Average touched its highest mark since 2008. The primary indices in the U.S. surged into the green across the board. According the data posting via the Labor Department, the U.S. economy added 243,000 jobs in January. This mark was almost double what many economists were predicting and approximately 850,000 better than the previous month. In addition to this positively skewed data, the Institute for Supply Management reported that its non-manufacturing index rose higher to 56.8 which equaled one of its best readings on the year. Most economists perceive any ISM index mark over 50 as a positive reading. Friday’s data was a very positive way to end a week that needed data to tip the scales. This news definitely skewed the scale positive. Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 Index Marks: When the closing bell finally rang, the Dow was posting at a four year high and the Nasdaq finished at an eleven year high. The Dow Jones Industrial Average closed out the day higher by 1.23 percent at 12,862.23. The Nasdaq finished the day higher by 1.61 percent at 2,905.66. The S&P 500 finished the day higher by 1.46 percent at 1,344.90. The much stronger than expected jobs report helped lift indices to relative highs. Frank Matto



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