All three primary indices in the U.S. closed green across the board Thursday as
investors felt optimistic that the debt restructuring deal in Greece would be
secured. The optimism was warranted as news spread shortly thereafter of the
Greece debt deal agreement. Greece has finally surpassed the last hurdle it
needed to clear to qualify for the billions that come with the bailout program
via the European Union and the International Monetary Fund. Debt default will be
avoided at this point because of the deal and the financial future for Greece
just became a little brighter. Interestingly enough, futures for the DJIA,
Nasdaq and S&P 500 were posting red prior to opening bell this morning. Trends
did rebound for the primary U.S. stock indices during the trading session and as
close approached, all three were posting green. Index trends were helped
somewhat by the jobs report. It was slightly better than anticipated and helped
stocks in the U.S. gain positive attention for a third consecutive day.
According to the report, the national unemployment average stayed at 8.3 percent
and approximately 227,000 jobs were added to the U.S. economy in February. DJIA,
Nasdaq and S&P 500 Index Trends Approaching Close: Index values were positive
across the board as close approached. The DJIA was higher by .08 percent at
12,918.20. The Nasdaq was higher by .51 at 2,985.68 and the S&P 500 was green by
.28 percent at 1,369.48. Frank Matto
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