Stock Market Report 1/18/12: A Golden Day on Wall Street

The second day of the week on Wall Street ended with a slightly larger upswing on the Stock Market. As many websites went dark to protest the unconstitutional nature of the Stop Online Piracy Act(or SOPA) and the Protect Intellectual Property Act(or PIPA), there seemed to be other good news around the world. Moderate good news, but in many ways, it was a golden day.

Stock Market Report 1/18/12: A Golden Day in Wall Street

Gold prices edged their way up to a five week high and the value of gold is rather stronger right now as it has been in a bit of time. This is perhaps a bit of good economic news that we really need. We are looking on tap for a stronger week, but the week is halfway over. January 2012 hopes to be a rather steady year for all sectors of the stock market.

For those who have stocks, it may be prudent to keep onto them for just a little longer. If you get to jumpy, it might destabilize whatever gains you make. Especially considering the fact that dividends may be considered to be much higher than they might normally be. The market is in for perhaps a very slight rebound but whether or not the good times will continue to roll is something that those who know the game will debate.

Now is the time to watch the markets rather carefully, but do not act on the first sign of bad news, as things remain to be on shaky ground. If we see some more growth, than perhaps some better times will be rolling. But it could very well be a momentary hope before another stock collapse. Those who pull the trigger too soon may be sealing their own grave.

Stock Market for 1/18/12

Now let’s see what the Dow Jones, NASDAQ, and S and P 500 closed at today on January 18^th 2012.

Dow Jones: 12, 578.95(+96.88)

Nasdaq: 2,769.71(+41.39)

S and P 500: 1,308.04(+41.63)