Stock Market DJIA, Nasdaq, S&P 500 Index Trending Economic News USA:
The primary indices in the U.S. hovered around break-even during the initial half of the trading session as investors appeared sidelined. Home based economic reports have skewed positively this week, but the ongoing debt crisis in the eurozone continues to plague investors and debilitate trading decisiveness.
The DJIA, as well as the Nasdaq and S&P 500, ended the last session mixed as a result. Investors expected stronger trend-line action due, in part, to the positive news pertaining to the significant drop in initial jobless claims that posted Thursday. Home sale data added to the positive economic data in the U.S. to end the week. According to the report from the National Association of Realtors, existing home sales in the U.S. rose 5 percent in December. This percentage increase was almost twice that which was expected by most analysts. Homes sold at an annual rate of 4.6 million. This data report was just one more sign of a sustained economic recovery taking place in the U.S. The Dow Jones Industrial Average, as well as the S&P 500, closed out in the green last session.
DJIA, Nasdaq, S&P 500 Close:
The Dow finished the last session higher by .76 percent at 12,720.48. The Nasdaq finished the session lower by .06 percent at 2,786.70. The S&P 500 closed out the last session higher by .07 percent at 1,315.38.