The positive momentum that built during the last trading session in the U.S.
helped to push stock futures higher this morning. Prior to opening bell, stock
future tracking revealed green across the board for the primary index
composites. Futures for the Dow Jones Industrial Average, as well as the Nasdaq
and the S&P 500 were green and stocks positioned for the higher open. Last week,
market indices were dragged lower by negative global trends. Investors continue
to hold onto worries relevant to the European debt crisis, specifically
revolving around Greek default. The banking system is on shaky ground right now
in Europe and the ramifications of a collapse in the sector could send negative
ripple effects overseas. We observed negative ripple effects last week and the
threat still remains this week. This weekend, Greek Finance Minister, Evangelos
Venizelos, announced that his country would do whatever it takes to achieve
financial stability. He cautioned those listening by reporting that Greece was
just one piece of the debt problem in the eurozone however. Prior to opening
bell this morning in the U.S., primary Asian indicators went red. As the trading
session in the U.S. reached the mid-day mark, the primary index composites were
trending in positive territory. The Dow Jones Industrial Average was higher by
1.62 percent at 10.945.47. The Nasdaq was higher by .51 percent at 2,495.96. The
S&P 500 was higher by .92 percent at 1,147. Investors are opening the week with
a bit of optimism regarding the global marketplace and the debt resolution
strategy in the eurozone. Frank Matto
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