Todays Stock Market Trends Primary Stock Index Review Today: Stock indices
moved inconsistently during the mid-week trading session, but futures for all
three primary U.S. stock indices were posting positive values prior to opening
bell this morning. The data revealed that stocks were positioned for the
slightly stronger open today. Investors observed closely today to determine if
the initial jobless claims data, paired with the producer prices data and the
manufacturing survey data helped to support primary stock indices. It did. As
the trading session reached mid-day, all three primary stock indices were
posting green. The economic news which posted today was better than expected.
Stocks were positive today and gains are positive for the week overall thus far.
Investors were thrilled to see that initial jobless claims are at their lowest
level in four years. According to the initial claims report, initial
unemployment claims dropped by approximately 351,000 for the week ended March
10. Produce prices increased by .4 percent and the Empire Manufacturing Survey
rose to 20.2 in March, which was much higher than most anticipated. The primary
stock indices finished on positive ground as a result of the better than
expected news. Todays Dow Jones Industrial Average, Nasdaq, S&P 500 Approaching
Close Index Review: Just prior to official close for the day, all three indices
were posting green. The DJIA was higher by .33 percent at 13,237.39. The Nasdaq
was higher by .39 percent at 3,052.59 and the S&P 500 was green by .45 percent
at 1,400.60. Frank Matto
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