The primary stock indices in the U.S. have closed out on the positive side of
break even now for three straight days of trading and investors on Wall Street
are hoping to see similar closing trends today. Prior to opening bell this
morning, stock futures posting for the primary stock indices in the U.S. were
green and thus stocks were opened in higher position again this morning.
Positive sentiment has been building recently due to what investors have
perceived as progressive talks regarding the debt crisis action plan in the
eurozone marketplace. Investors were feeling more optimistic that financial
resources would be available and utilized to support default potentials. News
broke earlier this week that European leaders would take tangible steps towards
clearing up the sovereign debt problems but now the controversy lies in the
details. Policy makers are conflicted regarding how best to initiate and
implement the action plan. The global marketplace could be affected negatively
while the details are worked out and this negative action could once again spill
over into the U.S. marketplace. Through the first half of trading today, stocks
are wavering. Many are starting to feel anxious that the leaders in Europe are
not moving fast enough to stave off default. The Dow Jones is currently higher
by .49 percent at 11,237.20. The S&P 500 is still green by just .01 percent at
1,175.50 and the Nasdaq has fallen red by .11 percent at 2,543.96. Frank Matto
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