The primary indices in the U.S. experienced a rebound during the latter half of
the last trading session. This action was enough to push the Dow Jones, as well
as the Nasdaq and the S&P 500, into the green for the day. Positive economic
data which posted in the U.S. last session was enough to trump investors worry
regarding the chaotic and tumultuous events that are ongoing in the eurozone.
The positive momentum gained yesterday via the better-than-expected economic
posts in the U.S. does not appear to be strong enough to keep eurozone fears at
bay. Prior to opening bell this morning, primary index trend-lines were back in
the red. Primary Asian markets finished weaker today and European markets were
trending lower as well. Stock index futures for the DJIA, Nasdaq, and S&P 500
were red as well. As the trading session reached the mid-day mark, the Dow Jones
Industrial Average was red by.55 percent at 12,029.41. The Nasdaq was lower by
.56 percent at 2,671.11 and the S&P 500 was negative at this point by .55
percent at 1,250.79. Investors continue to process the better than expected
economic reports in the U.S. with the anxiety provoking trends in the eurozone.
Frank Matto
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