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After seeing positive gains for the major index composites overall last week, stock futures set up this morning mixed. The expectation is that Investors will remain bullish in April but this week will tell us a lot more. The positive momentum carried through last week and investors appeared to turn their heads to the negative pressure being exerted by world news developments. The Japanese nuclear crisis is still looming and negative affects continue to make headlines. Oil prices are pushing higher. Conflicts in the Middle East continue to escalate and inflationary potentials are on the minds of many. This pressure could begin to influence our market indices here and this mornings mixed start may be a sign that investors are feeling this pressure as well. With no major reports anticipated on the economic calendar today investors will key in on public addresses given by various members of the Fed throughout the day as well as an address by Fed Chairman Bernanke this evening at a conference in Atlanta. Investors are looking for any indicators that interest rates may be increased as a means to control inflation. Later this week the European Central Bank will meet to review potential changes to it’s monetary policy. Approaching mid day the major market indexes are mixed. The Dow gained 9.73 points or 0.08% to 12386.45. The Nasdaq lost 0.29 points or 0.01% to 2789.27. The S&P 500 rose 0.14 points or 0.02% to 1332.64. The Treasuries 10 year yield lost 0.03 to 3.42%. Oil rose 0.12 to $108.04 a barrel. The U.S. Dollar declined by 0.02% to the Euro at $1.4236. Author: Pamela Frost
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