DJIA, Nasdsaq, S&P 500, Stock Market Investing News Today: Stock indices
finished the mid-week trading session mixed as investors responded to the weaker
than expected housing sector data and the continued uncertainty regarding
economic progress overseas in China. Projections for Chinas growth recently
dropped lower which culminated in lower stock trends in the eurozone and U.S. In
addition to this global pressure, the U.S. received some negatively skewed data
from the National Association of Realtors. This data revealed a drop in existing
home sales. This also pressured stock index trends lower. The negative momentum
carried through to today as futures for the primary indices in the U.S. were
posting red prior to opening bell this morning. The Dow Jones Industrial
Average, as well as the Nasdaq and the S&P 500, were red across the board and
stocks were set for the weaker open today. The housing sector data this week so
far is not all that most hoped it would be. In addition to the depressed
existing home sales data, new home construction data dipped lower according to
the post this week. Investor optimism for a noteworthy rebound in the housing
sector is quickly depleting. As todays trading session progressed, the primary
indices were unable to rebound even though the government reported that
unemployment benefits claims dropped lower again. In addition to the lower
claims data, the Conference Board reported that the Leading Economic Indicators
index notched higher by .7 percent in February which was better than expected.
Ultimately though, the primary indices tracked negatively this day. As the
session close approached, all three primary indices were in the red. Todays
DJIA, Nasdaq and S&P 500 Stock Market Index Trends Approaching Close Today: Just
minutes prior to close today, the DJIA was red by .55 percent at 12,052.35. The
Nasdaq was red by .40 percent at 3,062.94. The S&P 500 was red by .70 percent at
1,393.19.
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