Investors on Wall Street hope to see the opening of trading today trend better
than the performance of stock trend-lines last week. All three primary stock
indices in the U.S. finished the last week overall in the red. The Dow Jones
Industrial Average ended the last week negative overall by just over 2 percent
to close at 11,983.24. The Nasdaq finished the week negative overall by 1.86
percent to close at 2,686.15. The S&P 500 finished the week in the red as well
by 2.48 percent and closed out at 1,253.23. The news and gossip stemming out of
the eurozone continues to promote feelings of uncertainty in the minds of
investors and pressured the primary stock indicators throughout the whole of
last week. The market environment will continue to be one that works towards
resolution in the eurozone but will retain elements that have prompted
uncertainty along the way. Indices this week will continue to feel the pressure
regarding the ongoing developments in the eurozone. Specifically in the U.S.,
economic reports will be lighter this week. Today, investors will get to review
the consumer credit report reading n the U.S. posting via the Federal Reserve.
Noteworthy earning this day will stem from Sysco Corp. and Priceline.com. Frank
Matto
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