Stock index trends in the U.S. were up and down yesterday and ultimately ended
the session mixed. Investors received a mixed bag of economic news pertaining to
the housing sector and worries pertaining to the eurozone debt crisis also
played a factor in the volatility last session. Prior to opening bell this
morning, stock futures were posting in the green and stocks were positioned to
open the third trading session of the week on higher ground. The futures for the
Dow Jones Industrial Average, as well as the Nasdaq and the S&P 500 were all
positive this morning. World market indices continue to apply negative pressure.
The DAX and the FTSE 100 moved in negative territory during the initial half of
their respective sessions today. Investors on Wall Street today were primed and
focused to hear news stemming from the Federal Reserves two day policy meeting.
Action to support our economy and interest rate modifications are two topics
that are highly anticipated. As the trading session reached the halfway point
today in the U.S., the primary stock indices were mixed. The Dow Jones
Industrial Average was negative by .27 percent at 11,377.93. The Nasdaq was
negative by .37 percent at 2,600. The S&P 500 was negative by .52 percent at
1,196. Stock index trends are basically stagnating ahead of the Fed
announcement. Investors appear unwilling at this point to make any big moves
until further details regarding economic support and interest rates are released
this afternoon. Frank Matto
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