Stock market news and notes mid-day today February 6, 2014:
Stock composite trends continue to fluctuate above and below break-even this week. Stock futures were brighter earlier this morning just hours after all three primary U.S. stock composites closed in the red.
Last session, the S&P 500 dropped lower to 1,751.64. The Nasdaq moved lower to 4,011.55 and the Dow Jones Industrial Average fell back to 15,440.23.
Investors continue to feel the same worry and uncertainty this month that weighed on the marketplace during January. All three primary stock composites finished the month of January with losses. Investors worry over the ramifications associated with the continued federal stimulus tapering process as well as global market volatility. Investors have been searching for a positive economic or corporate earnings report to spark a positive turnaround. As of mid-day today, market trends were improved.
In today’s economic news, the Labor Department reported on jobless claims. According to the report, jobless claims fell lower by more than expected. Initial claims for jobless benefits fell back by 20,000 to a seasonally adjusted rate of 331,000 in the week ended Feb. 1. The data one indicator of steady progress in the job market.
As the trading session reached the mid-day mark, all three primary stock composites were posting gains.
Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 stock market index review mid-day February 6, 2014:
The S&P 500 was up by 1.04 percent at 1,769.85. The Nasdaq was higher by 1.18 percent at 4,058.70 and the Dow Jones Industrial Average was higher by 1.02 percent at 15,597.08 as of mid-day today.