Stocks were positioning higher this morning as they carried over the positive
momentum from yesterdays 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 reserves Beige Book report which will post later this
afternoon. Author: Frank Matto
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