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Stock index futures were moving in lower territory this morning prior to opening bell for the first day of trading this week. Stocks ended last week mixed and futures were pointing to a similar opening for today. Investors awaited a fresh round of earnings reports this date and the hope was that reports would be strong. As the morning progressed stocks rose with all the major indexes making modest gains. The most recent corporate earnings results and reports of mergers and acquisitions helped lift the market. With no major releases scheduled on the economic calendar today, corporate reports and deals will remain in the spotlight. At mid day the major indexes are all in the green. Dow is up 93.92 points or 0.79% to 11965.76. Nasdaq is up 26.14 points or 0.97% to 2715.48. S&P 500 rose 6.90 points or 0.54% to 1290.25. The Treasuries 10-year yield is down 0.02 to 3.40%. Oil is down 1.94 to $87.65 a barrel. The U.S. dollar is down 0.0015 to the Euro at $1.37. Gold is up 1.90 to $1342.90 an ounce. Strong sectors include: construction and engineering; construction materials; steel; aluminum; diversified metals and miners; paper products; coal and consumable fuel; consumer elcectronics; semiconductors and related equipment. Weak sectors include: specialy consumer services; computers and electronics; real estate services. Author: Pamela Frost
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