Investors moved back into stocks during Wednesdays trading session this week
and the DJIA, as well as the Nasdaq and the S&P 500, finished that day in the
green across the board for the first time this week. A better than expected
private sector jobs report helped to give investors a shot of confidence. Prior
to opening bell this morning, futures for the Dow Jones Industrial Average, as
well as the Nasdaq and the S&P 500, were posting green and stocks were set for
the stronger open in the U.S. As of the mid-day mark, the primary stock indices
were trending green and positive trends held out through the latter half of the
trading session today. Renewed optimism stemming from the debt restructuring
process spurred investors on, heightening confidence, which promoted a
continuation of the positive trends that initiated last session. Greece is one
step closer to securing a bailout package. Although first time unemployment
claims posted a bit higher today in the U.S., the primary indices stayed
positive. Investors viewed the first time unemployment claims report, which
showed that a total of 362,000 Americans applied for unemployment insurance for
the week ended March 3rd, as just a blip on the recently negative trend-line of
claims. As close finalized, the DJIA, Nasdaq, and S&P 500 were green.
Approaching Close Values for the DJIA, Nasdaq, and S&P 500 indices Today: As
close approached, the DJIA was positive on the day by .59 percent at 12,912.64.
The Nasdaq was positive by 1.19 percent at 2,970.75. The S&P 500 was positive by
1.0 percent at 1,366.17. Frank Matto
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