After several days of trending in positive territory, the DJIA, Nasdaq and S&P
500 are all posting values on the negative side of break-even through the
halfway pint in todays trading session. Cues from global markets are applying
negative pressure to the major stock indices today. Yesterday, stronger than
expected stock action stemming from the European marketplace helped to push
indices higher. Today however, the action stemming from the European stock
market is negative and the sentiment has carried over into the U.S. marketplace.
Housing sector data has skewed negative this day as well which is also putting a
negative spin on action for investors on Wall Street. Just after the halfway
mark in the trading session today, the Dow Jones is negative by .25 percent or
61.53 points at 11,421. Futures started off lower and stock indices opened the
day with a significant drop off. Although still negative at this point in the
session, trends are slowly notching higher. Company stocks are struggling as
well though. At this point in the session, Ford Motor stock is lower by .88
percent at 11.25 according to MSN money stock quotes. Previous close for F Stock
was 11.35. The 52 week high is posting at 18/97 and the 52 week low is posting
at 9.87. Frank Matto
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