Stock Market Investing News Today: Investors tuned in today to determine if the
DJIA, as well as the Nasdaq and S&P 500 could keep the trend-lines moving in a
positive direction. Prior to opening bell this morning, futures for the Dow
Jones Industrial Average and S&P 500 were posting red and futures for the Nasdaq
were tracking lower as well. Stocks were set for the weaker opening this
morning. Although economic reports, especially in the jobs sector, have been
generally positive, the housing sector will be of focus this week. Investors
want to know if the sector will post data this week which implies a turn-around
point for housing in the U.S. Stock index trends took an upward turn after
opening bell after investors digested more positive news stemming from Apple.
Apple reported earlier today that it would pay quarterly dividends of $2.65 a
share. This news was on top of the positive share price and sales news that
posted at the end of last week for Apple. In other positive news, the Treasury
Department reported that it sold of mortgage backed securities which made
taxpayers a profit of $25 billion. The first of the housing sector data posted
today as well and was unremarkable. The Wells Fargo/NAHB builder sentiment index
posted at 28 which was generally anticipated. It seemed like a bit of a let-down
though as many were hoping for a higher reading. DJIA, Nasdaq, S&P 500 Index
Trends Approaching Close Today: As the opening session was wrapping up today,
the primary indices were posting green across the board. The DJIA was higher by
.14 percent at 12,251.77. The Nasdaq was higher by .72 percent at 3,077.65. The
S&P 500 was higher by .37 percent at 1,409.29 just minutes prior to closing bell
today. Frank Matto
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