The news pertaining to the collaboration of central banks filtering dollars
into the European market to help support the struggling banking system there was
positive for the global marketplace. Investors on Wall Street felt more
confident upon hearing this news and stock positions strengthened as a result.
The Dow Jones, Nasdaq, and S&P 500 all finished in the green again last session.
Stocks rallied for the fourth straight day. This morning, prior to opening bell,
stock futures were not looking so bright. According to future tracking boards at
that point, stock futures were positioned for the lower open. The Dow Jones,
Nasdaq, and S&P 500 were all posting red several hours prior to opening bell.
Through the half day of trading today, stock indices have recovered and are
green across the board. If stocks hold strong, it will be the fifth straight day
of positive trends for the U.S. stock indices. The consumer sentiment index
posted today via the University of Michigan. The initial reading came in higher
than expected. The CSI posted at 57.8 which was above last months reading of
55.7. The dollar is strengthening today and gold futures are jumping. As the
halfway point in the trading session approaches, the Dow Jones is higher by .41
percent at 11,480. The Nasdaq is higher by .35 percent at 2,616 and the S&P 500
is higher by .26 percent at 1,212. Frank Matto
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