Global pressures continue to weigh negatively on world stocks today. Primary
indices in Asia closed red. The Nikkei finished red by .06 percent. The Hang
Seng finished red by 1.37 percent and the Shanghai Composite closed red today by
.72 percent. European markets continued to trend lower early but then rebounded
to close. The DAX, CAC 40, and FTSE 100 finished the day in the green. Eurozone
indices have recently been pushed lower by fears relevant to the debt crisis
countries continue to work through. Italy is making the headlines today due to
skyrocketing borrowing rates posting above the 7 percent mark. The higher rates
concern most investors as they see these rates as a symbol for potential
financial default in the country. This negative action spilled over into the
U.S. to afflict the primary indices in a negative way throughout this week.
Prior to opening bell this morning in the U.S., stock futures for the Dow Jones
Industrial Average, Nasdaq, and the S&P 500 were posting on the negative side of
breakeven. Stock in the U.S. positioned for the lower open and by the mid-day
mark in the trading session today, indices in the U.S. were mixed. The Dow Jones
Industrial Average was higher by .18 percent at 11,278.33. The Nasdaq was
posting lower by .30 percent at 2,452.93 and the S&P 500 was green by .16
percent at 1,163.73. Stocks in the U.S. were moving higher at mid-day and
investors were giving thanks. Frank Matto
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