Home » stock » NASDAQ INDEX TRENDS, NOTES January 16th Week’s Review, Today’s STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500

Sunday, January 16, 2011

NASDAQ INDEX TRENDS, NOTES January 16th Week’s Review, Today’s STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500

NASDAQ INDEX TRENDS, NOTES January 16th Week’s Review, Today’s STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500 ; The Stock market indexes and the Dow Jones Industrial Average started this past week off Monday morning lower, and lower trending continued through the first day of the trading week. Stocks fell as investors worried that the Eurozone debt crisis may resurface, with the focus this time on Portugal’s massive debt.

At close this past Monday, the DJIA was down 37.31 points and the S&P 500 was down 1.75 points. Tuesday saw a rebound into the green. Stocks moved in a positive direction after concerns over Portugal’s debt is deferred. Japan pledged to purchase eurozone bonds in an effort to prevent further spread of the debt crisis. The assistance Pledged by Japan has helped ease tensions over debt in eurozones and helped market trendlines worldwide.

The Dow increased 35.34 points or 0.30%, the Nasdaq gained 9.03 points or 0.33% and the S&P 500 rose 4.72 points or 0.37%. Green trending held on Wednesday. All three major indexes hit multi-year highs. Bank stocks were leading the market higher Wednesday and financial stocks bumped forward on expectations that banks would start raising their dividends this year. The Federal Reserve released its snapshot of the economy Wednesday afternoon and the report revealed bright spots and left room for optimism to grow. Thursday was a busy day and negative economic reports pushed index lines lower.

Stock market index composites ended in the red Thursday after disappointing jobless claims reports posted. The Dow Jones Industrials Average ended the day in the red by .20% and settled at 11,731.90. The Labor Department reported that first time applications for unemployment benefits rose 35,000 from the previous week. This was unexpected and disappointing news. The Labor Department also posted that wholesale prices were on the rise and a connection was made that the higher energy and food costs are helping to push wholesale prices higher.

The Commerce Department posted the Consumer Price Index, which is a measure of wholesale inflation, and relayed that it rose 1.1% in December. On Friday, the Dow and S&P 500 closed higher for the seventh consecutive week. The Dow Jones ended the session up by .47% and finished the day at 11,787.38. The Nasdaq ended in the green by .73% and finished at 2,755.30. The S&P 500 finished higher as well by .74% and ended at 1,293.24. Investors now anticipate stronger earnings reports for the week ahead. For the latest updates PRESS CTR + D or visit Stock Market news Today

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