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dow2664 The stock market continues to ride the roller coaster of investor perceptions this week. The Dow Jones Industrial Average and S&P 500 closed out the last session on the positive side of break-even and the Nasdaq finished the day in negative territory. Indices in the eurozone finished the day mixed as well. Today’s choppy trends represent a snapshot of last couple weeks in the marketplace. Trends have been up and down. The initial half of last week saw stock action gain significant strength, especially on Wednesday, only to see this strength dissipate in the final two days of trading last week. This week has begun with a mixed bag. The blue chips today, at one point, were higher by 100 points only to fall back to close higher by about half that much. Anxieties rose higher upon hearing the news that S&P’s AAA credit rating of over a dozen countries in the eurozone inching closer to potential downgrade. On the flip side today, stocks seemed to find strength on investors’ positive perceptions pertaining to a report from the Financial Times. According to the report, the amount of financial support allocated to the eurozone debt crisis rescue fund could equal upwards of 900 billion dollars. This news induced increased confidence and optimism in the minds of many investors. Gains resulted in the marketplace today and the Dow Jones Industrial Average finished higher at 12,150. Frank Matto
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