Stock Market News Review and Stock Composite trend July 26, 2013 open:
Although stock futures were red prior to opening bell last session, the primary U.S. stock composites tracked higher through the day to finish in positive territory. The S&P 500 climbed higher by .26 percent to close at 1,690.25.
The Nasdaq rose higher by .71 percent to close at 3,605.19 and the Dow Jones Industrial Average moved higher by .09 percent to close at 15,555.61. Economic news was mixed last session. Jobless claims inched higher last week. According to the Labor Department report, the number of Americans filing for first time unemployment claims rose higher by 7,000 to a seasonally adjusted rate of 343,000. Claims rose higher but the economy, and specifically the job sector, continues to improve at a moderate pace. The less volatile measure, the four week moving average of jobless claims, fell lower by 1,250 from the previous week. The positive close for the Dow Jones Industrial Average and the S&P 500 ended their losing streak and the Nasdaq closed higher for the second straight day in a row. Notable earnings after close were mixed as well. Starbucks earning data was better than expected while Amazon posted data which fell below expectations.