The primary stock indices in the U.S. were pulled lower to close last session,
but the negative action that played out then was not enough to keep futures
lower this morning. Prior to opening bell today, indicators revealed positive
trends for the Dow Jones Industrial futures, Nasdaq and S&P 500 futures. Stocks
positioned for the stronger open. The DJIA futures were tracking over 100 points
above break-even at that point. World markets were off to a better start today
as well. Primary indices in Europe and Asia were posting green prior to the
start of todays U.S. session. No major economic news is scheduled in the U.S.
today and so trends for the primary U.S. composites will be affected more by
global market trends. As the trading session reached the halfway mark in the
session today, the primary stock indices were climbing higher. All three primary
stock indices in the U.S. were green at this point. News emerged that European
leaders would be unveiling their plan to minimize the debt crisis in the
eurozone by the end of this month. This sparked feelings of optimism in
investors globally and helped push indices higher. Asian markets ended mixed,
but European stocks finished stronger. Currently, the Dow Jones Industrial
Average is higher by over 272 points at 11,378. The Nasdaq is higher by 74.14
points at 2,554 and the S&P 500 is higher by 33.05 points at 1,188. Frank Matto
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