Today’s Stock Market news and stock composite close review 2014:
Trading volume remained below average during the last full trading session of the week. Some investors remained off for the holiday-break, while others sidelined to process the 2013 market year before moving forward in 2014.
2013 was a very positive year for the primary U.S. stock composites. The Dow Jones Industrial Average, as well as the Nasdaq and the S&P 500, all tracked higher by greater than 25 percent. The Nasdaq posted calendar year gains that approached 40 percent in 2013. Market momentum continued to build last year and stock composites hit many first time highs. The Dow Jones Industrial Average and the S&P 500 hit another record high as 2013 came to a close.
Stock gains were great and economic conditions appear favorable. In the most recent reading, the Economic Cycle Research Institute’s Weekly Leading index rose higher to 132.9 in the last week of December. This reading is an indicator of positive U.S. economic growth and is at its highest level since April of 2010.
Despite the stock market momentum and positive economic data, stock composites dropped lower to close the opening trading session of 2013 in the red across the board. It was an unexpected result to the opening session. Last session, stock trend-lines fluctuated.
Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 stock market index close review:
The Nasdaq and the S&P 500 ended the final trading session of the week in negative territory. The S&P 500 was lower by .03 percent at 1,831.37. The Nasdaq fell lower by .27 percent at 4,131.91. The Dow Jones Industrial Average rose higher by .17 percent last session to close at 16,469.99.
So far in 2014, stock index trending has been negatively skewed. So far, 2014 looks little like 2013.