One day after one of the worst days for stocks in recent history, stock index
trends are on the mend. Futures rose prior to opening bell this morning and
positioned for a rebound. All three primary U.S. stock indices were posting
positive as the DJIA, Nasdaq and S&P 500 were posting values in the green this
morning. The stock action so far this day is a well received reprieve compared
to the plummeting trends viewed yesterday. Yesterday, the Dow Jones lost over
600 points and posted one of its worst days since December of 2008. Today,
positive gains are being attributed to the possibility that the Feds will jump
in and throw a life preserver. The market is sinking and investors on Wall
Street are looking for the Fed to give indication that they will help keep the
market aloft during the current storm of negatively skewed economic data. As the
trading session approached the mid-day mark, all three primary indices in the
U.S. continued to move in positive territory. World markets are mixed at this
point and this could be a sign of more volatile trends to come in todays U.S.
session. Currently, the Dow Jones, Nasdaq and S&P 500 are posting in the green.
The DJI is higher by 1.65 percent at 10,988. The Nasdaq is higher by 2.80
percent at 2,424 and the S& 500 is positive by 2.19 percent at 1,144. Frank
Matto
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