Prior to opening bell this morning, stock futures looked similar to stock close
the previous session. The U.S. stock futures for the primary stock indices in
the U.S. were mixed. The U.S. indices have posted more positive trends during
the month of October and are poised to end the month with noteworthy gains
overall. Index movement has benefited from positive action observed in the
global marketplace. Investors were confident that European leaders would
collaborate and agree upon a debt resolution plan for Greece. This happened and
stock trends surged higher. Prior to opening bell this morning though, global
trends were posting on the negative side of break-even. The primary index
composites closed out red across the board in Asia. The Nikkei closed lower by
.69 percent. The Hang Seng closed lower by .77 percent. The Shanghai Composite
closed lower by .21 percent. Stock action in Europe this day was weak as well.
The Primary composites in the eurozone finished the day red across the board.
These weaker trends are applying negative pressure towards the primary indices
in the U.S. to close out the month of October. As the session reached the
mid-day mark today, the primary indices in the U.S. were also posting red across
the board. The Dow Jones Industrial Average was lower at this point by 1.26
percent at 12,077.24. The Nasdaq was lower by 1.08 percent at 2,707.48 and the
S&P 500 was lower by 1.33 percent at 1,267.89 as of the halfway point in the
session today. Frank Matto
No comments:
Post a Comment