Stock Market Investing News Review Today January 7, 2013 Approaching Close:
The primary stock composites in the U.S. tracked through negative territory throughout the majority of the trading session today and approached close in negative territory across the board. Now that some short term challenges are being addressed due to the year-end budget policy agreement, investors are focused more on debt concerns in Europe and in the U.S. Specifically in the U.S., policy leaders will now have to decide how to address the nation’s debt ceiling. If changes are not made to increase the nation’s debt ceiling soon, the U.S. will begin to default on payments owed.
This looming cloud of negativity added pressure to marketplace trading today and the associated worry pulled index trends lower. As today’s trading session approached close, all three primary stock composites track through negative territory.
Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 Stock Market Index review Approaching Close January 7, 2013:
Minutes prior to official close, the Nasdaq was lower by .07 percent at 3,099.25. The S&P 500 was red by .32 percent at 1,461.75 and the Dow Jones Industrial Average was red by .37 percent at 13,348.83.
Gold and Oil Price Approaching Close:
Gold price approached close lower today by .16 percent at a floor price of 1,646.30 per troy ounce. Light crude oil price posted up by .11 percent at 93.19 per barrel.