Investors remained anxious ahead of today;s opening bell. Stock indices
finished lower last session and investors remained tense this morning prior to
opening bell in the U.S. U.S. stock futures were red across the tracking board
at this point as stocks were positioned for the lower open this morning. The
health of the global economy is weighing on the minds of many investors and
todays news pertaining to Europes debt resolution should greatly skew market
action. Today is the first trading day of the fourth quarter and optimism is a
scarce commodity. The DJIA, Nasdaq, and S&P 500 dropped lower in significant
fashion last Friday to end the quarter in exclamatory fashion. The third quarter
was abysmal and the negative momentum stemming from it helped to push futures
lower this morning. As the trading session progressed towards the mid-day mark,
the primary indices in the U.S. were posting negative values. The Nasdaq and S&P
500 were posting red but the Dow Jones Industrial Average was still in positive
territory. It was a choppy session as U.S. stocks flipped back and forth between
gains and losses. As of the halfway point in the trading session though, the Dow
Jones Average was red by .04 percent at 10,909. The Nasdaq was red by .41
percent at 2,405.44 and the S&P 500 was negative by .17 percent at 1,129.33.
Investors are still struggling with the eurozones debt issues. As Greece
attempts to manage its debt issues, the world markets experience negative
pressure and ultimately skew towards the negative. Frank Matto
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