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Stock market index composites were trending in positive territory this morning to open the last Monday in March. Market tracking of stock futures prior to opening bell this morning revealed that the major indices in the U.S. were posting green. It appeared they had absorbed positive momentum from market trending that was observed at the end of last week’s sessions. Although various world developments spinning negatively continued to hover and apply negative pressure to stock action in the U.S., investors placed more of their attention on positive corporate earnings reports that helped to push stock index composites higher. World development relating to violence in Libya, uprising and unrest in Middle Eastern regions, nuclear fallout in Japan, and oil prices will continue to weigh on investors minds today. Currently, market tracking reveals that the major indices in the U.S. continue to trend in the green as of mid-day today. Stocks are moving in a positive direction today and if the positive trending continues through the end of day close, it will equal a fourth consecutive close in the green. It appears that investors are riding the roller coaster of optimism and focusing more on positive home based reports and not on other, more negative reports, from overseas. Home reports posting this day continue to skew positive. Individual spending has increased and pending home sales rose. More reason for optimistic feelings when it comes to the national recovery effort. Currently, the Nasdaq is green .12 percent at 2746.07. The S&P 500 is green by .15 percent at 1315.78. The Dow Jones Industrial Average is green by .19 percent at 12244.01. Author: Frank Matto
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