The primary index composites spent the majority of this weeks opening session
struggling to find positive ground but did so in the final hour yesterday. The
Dow Jones, Nasdaq and S&P 500 all turned green just prior to last session close.
Prior to opening bell this morning, stocks were positioned for the lower open.
Futures for all three indices were posting red across the majority of the
tracking boards this morning. The Dow Jones futures posting lower by almost 100
points. Mid-Day analysis revealed a bit of a rebound for stock indices in the
U.S. The Nasdaq and S&P 500 was green at this point and the Dow Jones was still
just under break-even for the day. By the end of day close for Tuesdays session,
all three indices were traveling in positive territory. The worry over the
credit crisis in the eurozone marketplace receded today and with that, world
market indices did better. Britains FTSE 100 closed higher by .9 percent.
Frances CAC 40 closed higher by 1.41 percent and the DAX in Germany closed
higher by 1.85 percent. The U.S. indices followed and as the todays session
approached close, the primary indices were above break-even. Asian market
indices ended their session mixed today. The dollar strengthened versus the
British pound and the euro today and gold futures moved higher. The Dow Jones
was higher by 57 points at 11,119 as close approached today. The Nasdaq was
higher by over 40 points as official close approached and the S&P 500 was higher
by over 10 points just minutes prior to official close for today. Frank Matto
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