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Stock market index composites ended lower as of Thursday session’s close, but pre-market trading prior to opening bell this morning revealed optimistic potentials. The Dow Jones Industrials, Nasdaq and S&P 500 were all posting stock future values in the green. This was a positive observation after investors had to process more negativity during yesterday’s session. Today, the last trading day of the first full week of trading in April, investors will keep a close eye on the price of crude in hopes that the spiking trends relent. The current upward trends with oil prices is an aspect of our world economy that worries many economists. The continued rise in price per barrel of crude is a threat to the growth rates of not just the world’s economy, but also the growth of our nation’s economy. Rising prices today are sure to apply negative pressure on the major index composites in the United States. Add to this the news of the European Central Bank’s recent interest rate increase, and you have a formula for decreased economic growth. As if the current mounting pressures are not enough for investors to contend with, the clock is ticking as negotiations on a budget for the remainder of the fiscal year are under way. If the White House and Congress can not reach an agreement by midnight the federal government could face a shut down. As investors turn their attention to the matters currently at hand the market has moved into negative territory and currently the major index composites in the United States are trending in the red. The Dow dropped 4.54 points or 0.04% to 12404.95. The Nasdaq decreased by 1.51 points or 0.05% to 2794.46. The S&P 500 was down 0.11 points or 0.01% to 1333.42. The Treasuries 10 year yield gained 0.02 to 3.58%. Oil increased 1.44 to $111.73 a barrel. Author: Pamela Frost
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