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7th August
written by admin

Stock Market Investing News Review August 7, 2012:

The stock market rally continued last session and all three primary stock composites finished the last trading session in positive territory. Investors received a boost of confidence last week when the jobs data from July revealed that more positions were added to the U.S. economy than were expected. In addition, eurozone leaders repeated that the ECB will work to steer aid to regions worst hit by the debt crisis. Lower borrowing costs in Spain and Italy also prompted positive trending last session. World markets closed their respective sessions higher on the news, and the primary stock composites in the U.S. maintained positive footing to close last session.
Dow Jones Industrial Average, Nasdaq, S&P 500 Stock Index Close Review Today:
The Dow Jones Industrial Average closed the last session higher by 21.34 points at 13,117.51. The Nasdaq finished the day higher by 22.01 points at 2,989.91. The S&P 500 closed the opening session of the week higher by 3.24 points at 1,394.23.
Monday was a generally quiet day in the marketplace and little economic news posted to sway stock indices. Investors will remain optimistic as today’s second day of trading opens. Stocks finished yesterday at levels higher than any seen in months and traders will look for that positive momentum to continue. Prior to opening bell today, futures for the primary stock composites were positive and stocks were set for the stronger open.

Frank Matto

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