The positive close for the DJIA last Friday seems like nothing but an anomaly
at this point. Stock futures were positioned for a significant drop today as a
result of the credit downgrade aftermath. Todays trading session will be the
first chance for investors on Wall Street to show their reaction in tangible
form and index trends will feel the negative pressure. The credit downgrade for
the U.S. is the prime reason for the sell offs observed just after opening bell
today but many wonder if there will be a more long lasting effect. Global
markets are showing negative action in their respective sessions and this will
surely carry over into the U.S. trading session throughout the course of the
day. The uncertainty related to the downgrade is difficult to process. This has
never happened before so investors on Wall Street are venturing into uncommon
territory. U.S. stock futures however gave a good indication of sentiment. The
DJI, Nasdaq and S&P 500 positioned to open the day in the red. Individual
component companies should feel the heat as this week opens as well. Apple Inc.
continues to feel the pressure today. According to MSN Money stock quotes, AAPL
is trending lower by 2.52 percent at 364.21. The volatility in the marketplace
continues. Frank Matto
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