Stock Market Investing News Trends Reviewed Today January 8, 2013:
The primary stock composites finished the last abbreviated week in positive territory due, in part, to the positively skewed December jobs report and the fiscal cliff based budget deal. The positive momentum gained from the year-end policy agreement did not carry through the weekend to support index trend-lines during the opening trading session this week. Investors are now worried about the nation’s debt ceiling. Policy leaders will need to agree on raising the debt ceiling, or the U.S. will be at risk of default on payments owed. Uncertainty linked to debt ceiling worries pressured stocks yesterday.
No major economic news was scheduled to post and so news to spark a rally was unavailable. The primary stock composites in the U.S. finished red across the board to close out the first trading session of this week.
Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 Stock Market Index Close Review Today:
The S&P 500 closed the last full trading session lower by .31 percent at 1,461.89. The Nasdaq closed the session lower by .09 percent at 3,098.81 and the DJIA finished the last session lower by .38 percent at 13,384.29.
Top gainers of the Dow last session were Verizon and McDonald’s. Verizon Wireless stock finished higher last session by .88 percent to close at 44.69 and McDonald’s stock closed higher by 1.18 percent at 90.91 according to Google Finance quote review.