Today’s Stock Market Dow Jones Industrial Average dji, S&P 500, Nasdaq Index Trends, Notes September 6th 2010 Current Market Outlook
Posted on | September 6, 2010 | No Comments
The U.S. markets are closed today but positive anticipation is at the forefront leading into the first full week of September. The trends begin to support the idea that U.S. market action is experiencing a period of slow growth rather than entering another recessive period. Last week, President Obama said that the hiring report was good news but that it was not nearly good enough. He stated that he would look to implement additional legislation in the next few weeks to prompt additional hiring. All eyes and ears are waiting for further details that are expected to be delivered on Wednesday of this trading week. World trading was slow for opening the week due in part to the U.S. markets being closed for the Labor Day holiday. As of Friday’s close, Stocks rose and for the first time after three straight weeks of weekly loses, the trend lines revealed a weekly gain. The market trends on Friday were in the green as the Dow Jones Industrial Average, Nasdaq and S&P 500 made gains as the trading week closed.
Analysts are expecting trading to increase this week as data from last week could prompt an extension of trading and investing this week. Overall acceptance of risk could be greater based on data stability from last week. What is know for sure is that President Obama has vowed to stimulate the economy further and will invest upwards of 50 billion in this endeavor. The package is defined differently from the stimulus package in that it is aimed at long term growth while still focusing on creating jobs in the short term. This should be an informative week as the market is likely to extend positive gains.
Author: Frank Matto