(menafn – ecpulse)
Today we watch the worlds leading economy manage to rise throughout the opening session but close in mixed; fluctuating as pessimism persist on a global scale with mainly all eyes on the EU debt unsolved crisis and overall weakened economical conjuncture.
While that on the other hand optimism returned to the local market after that the preliminary reading of Octobers University of Michigan Confidence; the consumer confidence regarding personal finances, business conditions and purchasing power, climbed up cheerfully to 83.1.
In fact if we zoom through the index we watch its sub-indexes incline as well with on one hand the economic conditions climbing up to 88.6 from a prior reading of 85.7 while that the economic outlook inclined to 79.5 from a prior reading of 73.5.
Accordingly at 4;15 p.m. in New York the S&P 500 fell by 0.30 percent to 1,428.59, the Dow Jones rose by 2.46 points or 0.02 percent to 13328.85 and the Nasdaq Composite declined by 5.30 points or 0.17 percent to 3044.11.
As for the dollar index which measures the strength of the green Benjamin in front of a basket of major currencies, it fell to 79.55 to record a high of 79.82 and a low of 79.51 while that the black gold to consolidated to trade around 92.21 a barrel a high of 92.64 per barrel and a low of 91.65 per barrel.