The primary stock indices in the U.S. closed red across the board last session
as stocks dropped during the last hour of trading in notable fashion. Last
session close for the Dow was 11,905.59. The Nasdaq closed at 2,639.61 and the
S&P 500 finished lower at 1,236.91. Investors continue to hold fears relating to
the ongoing eurozone debt crisis. These fears are driving investor behavior and
weighing negatively on the primary stock market indicators. Indices in the U.S.
benefited earlier this week from the positive batch of economic reports that
posted Tuesday. This news seemed to buffer and protect stock action in the U.S.,
even as developments in the eurozone continued to have a negative skew. The
Fitch report which posted yesterday seemed to open investors eyes to the reality
of the European sovereign debt crisis. The reality is that U.S. banks are open
and exposed to being negatively affected by the European debt crisis. Investors
moved to sell off sovereign bonds of eurozone countries . Yields are inching
higher and eurozone economic growth is weak. Investors will look for news to
spark a rebound. European markets were broadly lower today. As the trading
session reached the halfway point in the U.S., the primary index composites were
red. The Dow Jones Industrial Average was negative by .23 percent at 11,877.82.
The Nasdaq was lower by .95 percent at 2,614.47. The S&P 500 was red by .61
percent at 1,229.31 as of the mid-day mark in the U.S. today. Frank Matto
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