Todays stock market trends hope to rebound from yesterdays poor closing
results. The major indices in the U.S. ended red last session after a choppy day
of trending in the stock market. The Dow Jones Industrial Average ended the
session lower by .38 percent to close at 12548.37. The Nasdaq ended the session
lower by 1.63 percent at 2782.31 and the S&P 500 ended the session lower by .62
percent at 1329.47. Investors look for a rebound today and prior to opening bell
this morning, trending seemed to imply that a rebound was forthcoming. According
to stock market tracking at this point in the day, stock futures were all
posting in the green. The S&P 500 was higher by .36 percent. The Nasdaq was
higher by .30 percent and the Dow Jones Industrial Average was higher by .25
percent at this point. Stocks felt increased pressure approaching mid day with
two disappointing economic reports and a poor outlook from Hewlett-Packard that
pulled the market down with all the major composites falling into the red.
Approaching mid day the Dow dropped 139.03 points or 1.11% to 12,409.34. The
Nasdaq lost 17.49 points or 0.64% to 2,765. The S&P 500 decreased by 7.83 points
or 0.59% to 1,322. The Treasuries 10-year yield was down 0.05 to 3.10%. Oil
decreased by 1.33 to $96.05 a barrel. Gold dropped 11.30 to $1479.40 an ounce.
Author: Pamela Frost
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