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 days 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 weeks open is apparently disintegrating.
Currently, at the mid day point in todays 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 its 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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