The primary indices in the U.S. finished the last week lower. The Dow Jones
Industrial Average, Nasdaq, and S&P 500 closed out the week on the negative side
of break-even. Investors in the U.S. opened this week hoping to give thanks for
more positive news. A weaker than expected GDP report in the U.S., paired with
the ongoing concerns related to the debt crisis, kept stocks lower and the
primary indices finished in the red opening session and last session this week.
This morning, prior to opening bell, stock futures were positioned for the
negative open once again. Primary composites in Asia closed lower today. The
Nikkei finished red by .40 percent. The Hang Seng closed lower by 2.12 percent
and the Shanghai Composite finished red by .73 percent. European markets were
moving lower as well. U.S. stocks continue to be affected as the negatively
skewed news spills over into the U.S. via the global markets. One noteworthy
report stemming from the Asiazone relates to manufacturing. Chinese
manufacturing output dropped significantly according to the latest China HSBC
PMI reading. Eurozone indices finished red today. Today in the U.S., the primary
composites were trending lower at mid-day. The Dow Jones was lower by 1.69
percent at 11,299.98. The Nasdaq was lower by 1.97 percent at 2,471.70 and the
S&P 500 was red by 1.84 percent at 1,166.30. Asia and euro-zone worries push
sock indices lower today. Frank Matto
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