Market weakness led to noteworthy sell-offs last trading session and U.S.
indices ultimately finished in the red. The negative action observed in the
marketplace then contributed to one of the weaker market performances in weeks.
This negative action carried through the weekend and continued to present this
morning according to the primary index futures. Prior to opening bell in the
U.S., stock futures for the DJIA, Nasdaq, and S&P 500 were red across the board.
Stocks were set again for the lower open. Investors remain on edge over the debt
resolution action plan in Greece and many worry about the lack of efficiency
regarding implementation. As this process remains ongoing in the eurozone, index
trend-lines will continue to experience pressure. This pressure is evident when
observing primary global indices today. Asian markets finished red to open the
week. The Nikkei in Japan closed lower by .39 percent. The Hang Seng in Hong
Kong closed red and the Shanghai Composite finished the day red by .73 percent.
Markets in the eurozone struggled today as well. The CAC 40 in France, the DAX
in Germany, and the FTSE 00 in the UK spent the majority of the day in the red.
As the trading session in the U.S. reached the mid-day mark, the primary stock
indices remained negative. The Dow Jones Industrial Average was lower at this
point by .37 percent at 11,938.74. The Nasdaq was lower by .92 percent at
2,66.16. The S&P 500 was red by .53 percent at 1,246.59 by the mid-day mark.
Frank Matto
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