The Dow Jones Industrial Average appeared positioned to trend in positive
territory prior to opening bell this morning. Futures for the primary index
composites in the U.S. were green across the board at this point and stocks were
positioned for the higher open to close out the trading week. The Dow Futures
were green by .19 percent prior to opening bell today, and the S&P 500 as well
as the Nasdaq futures were both green by no less than 12 percent. It has been an
up and down week for the U.S. indices and stock market. The uncertainty
ruminating over the debt bailout plans in Greece continue to keep index trend
lines active on a global scale. Primary indicators in Asia finished todays
session mixed. The Nikkei closed out the day lower by .04 percent and the
Shanghai Composite finished lower by .60 percent. The Hang Seng finished green
and European stocks were positioned higher halfway through their respective
trading sessions. Close numbers for the primary index composites in Europe were
green across the board. European stock trends should continue to fluctuate in
the next couple of weeks though. This fluctuation will stem from the resolution
process leaders have enacted to resolve Europes debt crisis. Leaders have
relayed that they will continue to meet over the next couple of weeks to iron
out the details of the plan. As the waiting process continues, stock trends
should be pushed by the day-to-day sentiment. Trends in the U.S. will feel the
affects. As the trading session in the U.S. reached the halfway mark today, the
primary stock index composites were trending through positive territory. The
DJIA was higher by 1.88 percent at 11,759.62. The Nasdaq was higher by 1.38
percent at 2634.70 and the S&P 500 was higher by 1.62 percent at 1235.23. The
primary indices in the U.S. were positioned to close out the session in the
green. Frank Matto
No comments:
Post a Comment