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The major index composites were moving lower and closed the first trading session of this week in the red yesterday. Today, stocks futures revealed that the major indices were red and positioned for a large sell off. World markets are struggling as investors attempt to process the Japanese disaster. Tokyo stocks fell more than 10 percent during their respective session and this negative momentum is expected to affect the U.S. trading session in a parallel way. Adding to the turmoil overseas is the recent news that a third explosion took place which is exacerbating the nuclear crisis in the region. The reactor meltdown is unprecedented and people around the world are not sure how far reaching the negative ramifications will stem. World markets fell lower across the majority of the tracking board. Asian markets finished lower and European markets were dropping significantly during the first half of their trading sessions. Approaching Mid Day the major market indexes are all in the red. The Dow dropped points or 1.72% to 11786.54. The Nasdaq lost 45.69 points or 1.70% to 2655.14. The S&P 500 decreased by 23.24 points or 1.79% to 1272.95. The U.S. Treasuries was down 0.06 to 3.29%. Oil dropped 3.11 to $98.11 a barrel. The U.S. dollar gained 0.0053 to the Euro at $1.39. Author: Pamela Frost
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