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Stocks appeared positioned yesterday morning for gains. Stock future tracking prior to opening bell revealed future values that were green across the board, but by the day’s open trading close, the major index composites ended lower. The Dow Jones finished the last session just over breakeven for the day and the Nasdaq and the S&P 500 both finished in negative territory for the day. Prior to opening bell this morning, stock futures tracking in the U.S. revealed data that reiterated the struggles that stocks experienced yesterday. World markets were trending mostly red across the majority of the world market tracking board this morning as well. Stocks in the U.S. were positioned to begin the second trading session of the week trending in a negative trajectory. What seemed to be a healthy dose of optimism prior to this week’s open is apparently disintegrating. Currently, at the mid day point in today’s trading session, the major index composites are trending in the red. The Dow plunged points or 140.01 points or 1.13% to 12,241.10. The Nasdaq lost 33.47 points or 1.20%. The S&P 500 declined by 14.26 points or 1.08%. The Treasuries 10 year yield was down 0.08 to 3.49%. Oil has seen it’s largest drop in recent weeks, plunging 3.95 to $105.98 a barrel. Gold has also taken a hit, dropping 17.30 to $1450.80 an ounce. Silver is holding at $40.61 an ounce. The U.S. Dollar was down 0.41% to the Euro at $ 1.4495. Author: Pamela Frost
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