Thursday, December 9, 2010

TODAY’S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES December 9th, 2010 Futures

TODAY’S STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES December 9th, 2010 Futures ; Stocks hovered mostly around break even during yesterday’s session in the U.S. It was a day on which some investors took the sidelines and continued to digest the news regarding the tax plan compromise. Bush-era tax breaks will be extended for all and unemployment benefits have been extended as well.

All of this means more money flowing from the government on top of a national deficit that is in the trillions. Apprehensions are surfacing but the market index values still found green as of trading close yesterday. End of day close for the Dow Jones Industrials was in the green by .11% settling at 11,371.50.

The Nasdaq was ahead by .41% and finished the day at 2,609.16. The S&P 500 was in the green as well finishing up by .36% at 1,228.28. The ten year treasury yield is at 3.24%. The dollar finished the day .2% ahead of the euro and .6% ahead of the Japanese yen. Currently, stock futures prior to opening bell for December 9th 2010 reveal positive movement. The Dow Jones Industrial is up .29%. The Nasdaq is up .20% and the S&P 500 is up .28%. Later today, the Department of Labor will release its weekly jobless claims report early and the Commerce Department releases wholesale inventories. Friday, the Commerce Department will report on the trade balance and the University of Michigan will release its consumer sentiment index for December
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