dow2664
Negocioenlinea
The market was poised for positive trending at open this morning as it continued to ride the momentum created by a better than expected jobs report on Friday. With little news for investors to act on and no major releases due out on the economic calendar the wave of momentum from last week came to a halt by mid morning with the market posting mixed trendlines. The mixed trending continues into the afternoon with all of the indexes posting gains/losses that are remaining in close proximity to the neutral line. Southwest Airlines made headlines on Friday after a hole opened up on top of a Boeing 737-300 in mid flight. The incident sent investors running and approximately 600 flights were cancelled as crews checked planes for other reported cracks after the incident. Southwest is in the midst of acquiring Airtran and had recently received much good publicity over fares as competitors raised ticket prices and fees. Oil prices broke a 30 month high on Monday, reaching $108.78 a barrel. This is the highest oil has traded since September 2008. With 2 hours left before close the major market indexes are posting mixed. The Dow gained23.31 to end the day at 12400.03. The Nasdaq dropped .41 to end the day at 2789.19. The S&P 500 ended by gaining .46 to finished at 1332.87. The U.S. Treasuries 10-year yield decreased by 0.04 to 3.41%. Oil gained 0.36 to $108.30 a barrel. The U.S. dollar gained 0.0009 to the Euro. Author: Pamela Frost
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