The trading week in the U.S. opened on positive ground as the momentum that
built last week carried through the weekend to support trend line movement for
the primary stock indices on opening session this week. Investors felt a boost
of confidence as a result of better-than-expected earnings reports and
progressive action planing pertaining to the debt bailout resolution process in
Europe. Global stocks were stronger yesterday and this positive action spilled
over into the U.S. session yesterday. Prior to opening bell in the U.S. today
though, stock futures for the DJIA, as well as the Nasdaq and the S&P 500, were
posting in the red. Stocks were positioned for the lower open at that time and
remained lower. Global market indicators are mixed today. The Nikkei in Japan
closed down by .92 percent but the Shanghai composite in China and the Hang Seng
in Hon Kong both finished on the positive side of break-even. European stocks
finished their respective session lower. The primary European indices closed out
in the red. As the trading session in the U.S. reached the mid-day mark, the
primary stock indices were red as well. The DJIA was red by .88 percent at
11,808.95. The Nasdaq was red by 1.30 percent at 2,664.40 and the S&P 500 was
red by 1.16 percent at 1,239.71. Investors remain anxious over the debt crisis
resolution process ongoing in Europe. Frank Matto
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