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dow2664 Stocks were positioned lower this morning prior to opening bell. Stock futures for the Dow Jones Industrial Average, along with the other primary stock index composites in the U.S. were posting red across the board. It appears that the positive economic news which helped indices notch higher during the last trading session in the U.S. did not build enough positive momentum to carry through into the last trading session of the week today. Indicators from primary overseas markets were posting red at this point in the trading session as well. Stock indices in Asia were in negative territory and stocks in Europe were already trending weaker as well. This is not good news. Yesterday’s positively skewed report raised the expectations of many on Wall Street and so data that is just slightly skewed towards the negative might seem even worse for those observing from a U.S. perspective. As the trading session reached the halfway point today in the U.S., the primary index composites were all trending in the red. Stocks tumbled throughout the first half of the trading session today. At this point, the Dow Jones Industrial Average was lower by .36 percent at 11,114.25. The S&P 500 was lower by .78 percent at 1,151. The quarter will be a loser overall and the talk of double dip is increasing. Frank Matto
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