A stock sell-off transpired as the last trading session progressed and as a
result, the primary stock indices closed out in the red across the board. The
Dow Jones Industrial Average finished off the day lower by 1.61 percent at
11,010.90. The negative finish ended three days of positive trends for the
primary stock indices in the U.S. The negative action was due, in part, to on
again off again concerns investors are entertaining relevant to the eurozone
debt problems. Investors were worried that the action plan is not materializing
fast enough and that European leaders are taking too long to finalize the
details of the plan. The negative ramifications of this were spreading on a
global scale as investor anxieties regarding global economic slowdown continue
to fester. Todays news was better though. Prior to opening bell this morning,
stock future indicators for the DJIA, Nasdaq and S&P 500 were posting in the
green. Stocks positioned for the higher open this morning in the U.S. As the
trading session reached the halfway point in the U.S. today, the primary stock
indices were trending green. Positive action in the U.S. economy transpired
during the session today on several fronts. Positive reverberations were felt in
the U.S. economy and marketplace that related to progressive action in the
eurozone. Germanys parliament moved forward on component action plan approval
relevant to the eurozone debt crisis. In addition, weekly jobless claims fell
below the 400,000 mark which was positively significant. Also, the GDP posted
higher than expected for the second quarter in the U.S. Just after mid-day, the
DJIA was higher by over 160 points at 11,173.43. The S&P 500 was also higher by
7.44 points at 1,159. The Nasdaq was red by 6.43 points at 2,486. Frank Matto
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