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 weeks 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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