Stock index composite tracking continued to move in a positive direction prior
to opening bell this morning as the positive momentum built throughout
yesterdays session carried over to this day. Prior to yesterdays 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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