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dow2664 Stocks dropped off significantly after opening bell in the U.S. this morning but did begin to rebound during the trading session today. The DJIA , along with the Nasdaq and the S&P 500 spent the majority of the trading session in the red. World market indices were tumbling during their respective sessions and this action influenced outcomes during the U.S. trading sessions. Investors continued to hold worries relevant to the European financial crisis, specifically pertaining to the debt crisis in Greece. Fear of the unknown was driving market action and trends today. Sell-offs were wide spread during the session. Concerns over President Obama’s plan to cut the national debt grew throughout the day as well. The President has stated that he will tax high incomes to help reduce the national debt. Obviously, there are many in the business world that oppose this strategy. As the trading session approached close, the primary indices continued to trend in the red and ultimately closed out yesterday’s trading session on the negative side of break-even. The Dow Jones finished off lower by .94 percent at 11,401.01. The Nasdaq finished lower by .36 percent at 2,612.83. The S&P 500 closed out lower by .98 percent at 1,204.09. The good news for the stock market is that after absorbing the initial sell-off, stock indices slowly notched their way higher and gained approximately 100 points in the last hour of the session. Rumors floating regarding the financial situation in Greece were progressive. A deal to bailout Greece is closer and investors, along with the primary index composites, responded. Frank Matto
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