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Stock index composite tracking continued to move in a positive direction prior to opening bell this morning as the positive momentum built throughout yesterday’s session carried over to this day. Prior to yesterday’s positive action, the market had experienced several days of consistent losses as investors remained anxious about the negative affects that the disaster in Japan would have on the world economy. Stock tracking was pushed higher yesterday due, in part, to the positive report stemming from FedEx. The major U.S. indices experienced broad based gains and the day closed on a positive note for the first time this week. As no major economic reports are due out in the U.S. today, investors are likely to focus once again on the aftermath of the Japanese disaster and this could place negative pressure on index composite tracking. At the approach of mid day tracking, the market index composites reveal continued trending in the green. The Dow gained 130.32 points or 1.11% to 11904.91. The Nasdaq increased by 13.60 points or 0.62% to 2652.24. The S&P 500 rose 11.88 points or 0.93% to 1285.60. The Treasuries 10-year yield was up 0.02 to 3.27%. The U.S. Dollar declined by 0.0057 to the Euro at $1.41. April contract oil dropped 0.46 to $100.95 a barrel. April contract Gold increased by 16.80 to $1421.00 an ounce. Author: Pamela Frost
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