The primary index composites finished red across the board to open this trading
week as they were negatively influenced by the volatile trends spilling over
from the eurozone marketplace. Greece and Italy are making headlines as they try
to patch things up and avoid government collapse and financial turmoil, but the
inconsistencies and uncertainty connected with the process is causing investors
to remain worried. Investors are beginning to wonder if the changes that take
place now be enough to pull the economies from the brink of ruin. The worry
continues to apply negative pressure to the primary stock market indices and as
a result, stock action has been weaker. This morning, prior to opening bell, the
primary index futures were posting red across the board. Futures for the Dow
Jones Industrial Average, Nasdaq, as well as the S&P 500 futures, were negative
and stocks were positioned once again for the lower open today. Markets in the
eurozone were sharply lower today and this weight affected index trend-line
movement in the U.S. As the trading session approached the mid-day mark, the
primary stock composites in the U.S. were still red across the board. The DJIA
was lower by .11 percent at 12,065.25. The Nasdaq was lower by .10 percent at
2,654.76. The S&P 500 was red by .12 percent at 1,250.31 at this point in the
session. Frank Matto
No comments:
Post a Comment