Primary stock indices in the U.S. were not weighed down for very long. The Dow
Jones Industrial Average was pulled below break-even during the course of the
last trading session due, in part, to the weaker-than-expected action in the
financial sector as well as the negative trade data posting out of China.
Chinese exports dropped lower for September. This data not only revealed a drop
from the previous month, it was also weaker than many economists had been
forecasting. As has been the case for months now, investors also continue to
feel the negative pressure stemming from the eurozone. Bailout action planning
for Greece continues to slowly move forward, but the negativity of the eurozone
debt crisis remains burdensome for most global market indicators. Prior to
opening bell this morning, stock futures for the DJIA, Nasdaq, and S&P 500 were
all posting in the green. World markets were mixed at that point. European
stocks were stronger, but primary Asian indices had dropped below break-even. As
the trading session in the U.S. reached the mid-day point, the primary index
composites were trending in the green. The Nasdaq was higher by 18.87 points at
2,639. The S&P 500 was higher by 9.78 points at 1,213. The Dow Jones Industrial
Average was higher by 74.10 points at 11,552. Frank Matto
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