dow2664
The major index composites ended the last open trading session in the U.S. in the red. The Dow Jones Industrial Average was lower by 51 points at 12505. Prior to opening bell this morning, U.S. stock future tracking revealed that stocks were positioned for the lower open. The Dow Jones at this point continued to post red as did the Nasdaq and the S&P 500. Analysts are starting to believe that investors are in a more defensive posture and that this trend will continue through today and the trading week ahead. Last week was choppy and uneven and this trending is a reflection of the current economic environment and investors are reacting to situations as they occur. Investors and business leaders feel that there have been signs that the overall economy is getting better in the U.S. but then the rising prices of gas and big debt concerns come to mind and a conflict occurs. We all observed this conflict play out last week and it resulted in another week of minor losses and stagnation in the U.S. market. Currently, the major index composites in the U.S. are posting mixed. The Dow gained 28.80 points or 0.23% to 12,625. The Nasdaq decreased by 3.70 or 0.13% to 2,825. The S&P 500 increased 4.56 points or 0.34% to 1,342. The Treasuries 10-year yield was up 0.0020 to 3.19%. Oil dropped 1.01 to $98.59 a barrel. Gold gained 7.50 to $1501.10 an ounce. Author: Pamela Frost
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