The primary stock indices were struggling less than most expected throughout
the whole of the last trading session. The primary indicators in Asia finished
in the red. European markets closed out lower as well. The CAC 40 in France
finished the day lower by .68 percent and the DAX in Germany closed out lower by
1.24 percent last session. This negative action applied pressure to composite
trend-lines in the U.S. Stock action was choppy as investors attempted to
process the potential credit rating downgrade that may affect primary countries
in the eurozone in the coming months. Standard and Poors announcement came on
opening day this week and identified 15 eurozone members as at risk. The
official status of these 15 eurozone members is credit watch with negative
implications. The ramifications of this potential has shaken many investors and
indices were weighed down as a result. Ultimately though, the primary indices in
the U.S. closed mixed. The Dow Jones Industrial Average finished last session
higher by .43 percent at 12,150.13. The Nasdaq closed out the last session lower
by .23 percent at 2,649.56 and the S&P 500 finished the last session green by
.11 percent at 1,258.47. The dollar gained versus the euro last session. oil
price per barrel closed higher at 101.20 and gold price per ounce rates dropped
lower to 1,731.80 per troy ounce. Frank Matto
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