Stocks pushed higher yesterday after enduring several days in the red and
futures this morning were positioned positively as well. Prior to opening bell
this morning, the Dow Jones Stock futures were ahead by .10 percent and the
Nasdaq and S&P 500 Futures were in even better position. It appeared that the
stock pendulum would continue to swing positive for a second day after opening
bell in the U.S. Optimism pushed higher yesterday as global stocks overseas
finished stronger then expected. This positive action carried over to help stock
indices climb higher during the last session in the U.S. but as todays session
approached the halfway point, the primary indices were dropping lower into the
red. All three primary indices in the U.S. were moving in negative territory at
this point in the session. It has been a bit of a roller coaster up to this
point in the day. First indices dropped, then notched higher only to roll down
the next slope. Investors are still moving cautiously as economic news has been
mixed and the debt crisis in the Eurozone continues to induce pressure.
Currently, the Dow Jones is red by .24 percent at 11,386.97. The Nasdaq is red
by .14 percent at 2,545.27 and the S&P 500 is red by .30 percent at 1,195.04.
Frank Matto
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