Prior to opening bell this morning, stock futures were on the rise. The primary indices in the United States were positioned for the higher opening this morning due, in part, to the positive holiday sales weekend.
Black Friday was a success as sales on that day were significantly higher than sales on the same day a year ago. This was a positive sign for the U.S. economy, and preliminary figures posting for Cyber Monday are very positive as well. The positive action pushed indices higher to open this trading week. Last week was a relative loser for primary global indicators and so the positive trends to open the gates this week finally gave investors something for which to be thankful. Primary indicators in Asia closed green today. The Nikkei in Japan finished higher by 1.56 percent. The Hang Seng in Hong Kong closed green by 1.97 percent and the Shanghai Composite finished higher by .12 percent. European markets were trending sharply higher today as well. The FTSE 100, DAX, and CAC 40 closed on the positive side of break-even. As the trading session reached the mid-day mark in the U.S., the primary indices were still trending in positive territory. The Dow Jones Industrial Average was higher by 2.7 percent at 11,543.45. The Nasdaq was green by 3.63 percent at 2,529.89 and the S&P 500 was green by 3.18 percent at 1,195.46.