Stock Market; Today’s Dow Jones Industrial Average DJIA; Google Finance Stock; GE, Coca-Cola KO and Chevron CVX Top Losers on Dow
Posted on | December 4, 2012 | No Comments
Stock Market Investing News Trend Review Today December 4, 2012:
Last month, the primary stock market composites finished mixed and market trends slowed to an approximate stand-still as the month closed out.
Policy leaders continue to debate which budget policy revisions will be made before the end of this calendar year arrives. If U.S. policy leaders do nothing to combat the approaching fiscal cliff, spending cuts and tax increases could throw the economy into a tailspin. Anxieties are growing.
Traders hoped that a batch of positive economic news would help provide the necessary catalyst to get market trends off to a positive start for December. The news was mixed however and indices finished lower. Stocks drifted lower today after a weaker than expected manufacturing report posted.
According to the Institute for Supply Management report, U.S. manufacturing activity declined in November to 49.5 after after posting 51.7 in October. Dropping below 50 represents sector contraction. Businesses expressed concerns linked to the looming fiscal cliff. In a separate report, government data showed that construction spending rose higher by 1.4 percent in October. Ultimately though the mixed news, paired with the unwillingness of parties to find budget package compromise, pushed stock composites into negative territory.
Stock Market Dow Jones Average, Nasdaq, S&P 500 Close Review:
The Nasdaq finished the last session lower by .27 percent at 3,002.20 and the S&P 500 closed the last session lower by .47 percent at 1,409.46.
The Dow Jones Industrial Average finished the last full trading session lower by .46 percent at 12,965.60.
GE, Coca-Cola, and Chevron were big losers on the Dow. GE finished the opening session lower by 1.47 percent at 20.82. Coca-Cola (KO) finished lower by 1.42 percent at 37.38 and Chevron (CVX) finished in the red by .97 percent at 104.66 according to Google Finance stock review.