Stock Market Investing News Trend Review Today January 4, 2013 Close:
Although futures were mixed this morning, stock index trend-lines rallied to find positive territory by the latter half of this day’s trading session. Investors’ focus today aimed mostly on the December jobs report. This report was better than expected which ultimately helped to support composite trend-lines throughout the session.
According to the U.S. Labor Department, the U.S. economy added approximately 155,000 new jobs in December and the average national unemployment rate remained at 7.8 percent. This data was a bit better than expected which helped to boost optimism during the second half of trading today.
The ISM report was also positively skewed today. The ISM non manufacturing index rose higher which is positive for the service sector and a good indicator for economic futures.
As the trading session approached close today, the primary stock composites were on positive ground.
Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 Stock Index Review Approaching Close:
The Dow Jones Industrial Average was higher by .33 percent at 13,435.21. The Nasdaq was higher by .04 percent at 3,101.66 and the S&P 500 was up by .49 percent at 1,466.46.
All three primary stock composites finished the week higher overall.
Top gainers of the Dow included Walt Disney and JPMorgan Chase. DIS finished up by 1.96 percent at 52.22 and JPM finished the day higher by 1.62 percent at 45.29 according to Google Finance stock quote review.