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Stocks were positioning higher this morning as they carried over the positive momentum from yesterday’s close and stayed green for opening this morning. Stock futures posted in positive territory and halfway through the trading session today, the major market indicators are holding the positive trend lines. The Dow Jones Industrial Average is currently ahead by .65% at 11,747.87 at the mid day point. The Nasdaq is posting green as well. It is .47% in the green and is at 2729.99 as we approach the halfway point today. The S&P 500 is ahead by .75% at 1284.26. Stocks are making gains as worries over the European debt crisis diminish. Early trading saw another jump in trading as news spread that Portugal borrowed $1.6 billion at a lower long term interest rate than many analysts had expected. Major world market indicators are posting green in the current environment. Asian markets ended their session higher and European indicators are currently trending green across the board. Other positive news today during the U.S. market session stems from the boost index lines received as bank shares lead the way. The dollar lost ground today to the euro and the British pound, but gained against the Japanese yen. Investors are currently waiting to hear details from the Federal reserve’s Beige Book report which will post later this afternoon. Author: Frank Matto
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