Prior to opening bell this morning, stock futures were foretelling positive
news. Stock futures revealed green across the board this morning and the Dow
Jones Industrial Average was green at that point by .40 percent. Stocks were set
to open the week today in a positive way and thus worries regarding the mixed
data that posted last week may be slowly dissipating in the minds of Wall Street
investors. Some investors saw last weeks better than expected employment data
and the rise in the overall unemployment rate as a sign for caution. The reports
contradicted each other and left many investors feeling a bit uneasy. Last week
was negative overall, but Fridays close began to show signs of improvement.
Pre-market trading this morning continued those signs of improvement for stocks.
All eyes will be watching closely today to see if the positive trends can
continue all the way to close. As there is little by way of economic news
posting today in the United States, all eyes will be focused on several key
quarterly financial reports that were scheduled to post this day. At mid day the
major market indexes are trending in the green. The Dow gained 67.96 points to
12,707. The Nasdaq increased by 18.46 points to 2,846. The S&P 500 was up 7.10
points to 1,347. The Treasuries 10-year yield was down 0.0090 to 3.15%. Oil
gained 4.06 to $101.23 a barrel. Gold soared 17.20 to $1508.80 an ounce. Author:
Pamela Frost
No comments:
Post a Comment