The primary indices are posting a negative pattern this week. The DJIA, as well
as the Nasdaq and the S&P 500, finished the second trading session of the week
on the negative side of break-even. Trending pushed lower on continued pressure
stemming from the eurozone, paired with the less than stellar outlook painted by
the Federal Reserve last session. The Federal Reserve reported that the short
term economic outlook is weaker as a result of the strained global marketplace.
This morning, prior to opening bell, stock futures for the primary indices in
the U.S. were mixed. The Dow Jones Industrial Average futures were posting green
at this point. Primary market indicators in Asia closed out red. The Nikkei,
Hang Seng, and Shanghai Composite finished their respective session in negative
territory. European markets were lower across the board as well. The negative
global pressure continues today. As the trading session reached the mid-day mark
in the U.S., the primary indices were posting in negative territory across the
board. The Dow Jones Industrial Average was posting lower by .95 percent at
11,841.11. The Nasdaq was posting lower by 1.68 percent at 2,535.86 and the S&P
500 was posting lower by 1.01 percent at 1,213.39. Stock indices continued to
drop lower today as investors are unable to shake the anxieties relevant to the
eurzone debt crisis. The dollar strengthened today as the euro continued to fall
back. Home based economic news in the U.S. was skewed slightly positive. The
Mortgage Bankers Association reported that mortgage applications for the week
ended December 10 increased by 4.1 percent. Frank Matto
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