Investors today hoped to see the positive stock action that closed out the last
week of trading continue to open this week. Stocks experienced a bit of a rally
to close out the week as a result of positively interpreted developments in the
eurozone and a batch of better than expected economic reports in the U.S.
Jobless claims are down in the U.S. and consumer sentiment is high. Italy is
working towards austerity package implementation and Greece is stabilizing
government. These variables helped to push stock indices higher in Europe and in
the U.S. Prior to opening bell this morning, markets in Asia had closed stronger
but primary stock indices in Europe were red across the board. Stock future
tracking in the U.S. at this point revealed negative trends across the board.
Stocks were poised for the inauspicious open this morning in the U.S. As the
trading session reached the mid-day mark, trends had not improved much. The
primary indices in the U.S. were red across the board. The Dow Jones Industrial
Average was negative by .54 percent at 12,087.80. The Nasdaq was red by .61
percent at 2,661.70 and the S&P 500 was negative at this point by .91 percent at
1,252.34. Frank Matto
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