Investors remain nervous and uncertain regarding the developments in the
eurozone. The debt resolution process is currently ongoing but anxieties remain.
If developments turn negative in Greece, the fear is that Europe could fall into
another recession. This negative action would quickly spill over and weigh
negatively on the U.S. indices. Anxieties regarding this possibility pushed on
the primary stock composites in the U.S. last session and ultimately, the
primary indices finished the last open trading session on the negative side of
break-even. The Dow Jones finished the last session lower by .51 percent at
11,983.24. The Nasdaq closed lower by .44 percent at 2,686.15. The S&P 500
finished the day red by .63 percent at 1,253.23. All three primary indices in
the U.S. finished the week lower overall as well. The Dow Jones Industrial
Average closed out the last week lower overall by 2.03 percent. The Nasdaq
finished off the week lower overall by 2.48 percent and the S&P 500 closed below
the break-even mark for the week by 2.48 percent. This upcoming week in the U.S.
will be light on economic reports and thus the euro-zone developments will still
attract ample attention. Trend-line movement will be pushed and pulled by the
developments this week in the eurozone. Greek Prime Minister, Papandreau, won
the vote of confidence from the Greek parliament and the hope is that increased
stability in the government will be forthcoming. Investors will be looking for
signs of stability as the trading week opens. Frank Matto
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