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dow2664 Prior to the stock market opening this morning in the U.S., the primary stock Futures were posting red across the board. The Dow Jones Industrial Average was red by .19 percent. The Nasdaq futures were red by .25 percent and the S&P 500 futures were red by .17 percent. The negative momentum that built in the market place during the third quarter continues to thwart stock trends as the fourth quarter proceeds. Major stock sell-offs were observed in the U.S. marketplace during the opening trading day of October as investors continue to feel the negative pressure stemming from overseas. The banking and financial crisis in the eurozone, specifically in Greece, continues to plague investors and ultimately push indices lower. Investors feel that default potentials are growing as leaders in the area still have not come to a resolution plan agreement. Default looms broadly and is affecting the marketplace broadly. The minds of investors on Wall Street struggle to avoid thoughts of the negative ramifications pertaining to the country’s failing banking system. Another recession in the U.S. is being discussed at this point as a result. Individual stocks have felt the pressure. Jabil Circuit Inc. dropped last session by 4.22 percent to close out the day at 17.04 according to MSN money stock quotes. According to pre-market data prior to opening bell this morning, JBL was in the green by 15.55 percent at 19.69. It will be difficult to sustain the positive action in such a negatively skewed environment. Frank Matto
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