Todays Primary Market Trends in the U.S.: The primary stock indices in the U.S.
reached closing bell on Monday and posted on the positive side of break-even
across the board. The Dow, as well as the Nasdaq and the S&P 500, finished
Monday green. Prior to opening bell this morning, futures for the primary index
composites were the exact opposite and posted red across the board. Stocks were
set up for the lower opening this morning. Markets overseas set a depressed
stage for the U.S. today. The Hang Seng in Hong Kong and the Shanghai Composite
in China finished their respective sessions in the red and the primary European
indices were red across the board as U.S. investors prepared for the opening
bell of day two in the U.S. this week. Investors were uncertain at this point if
the housing data scheduled for today would be enough to put a positive spin on
the days trends. It was not enough. Although better than expected numbers posted
via building permits data, stocks still experienced sell offs. Building permits
notched higher in February by 5.1 percent. This news was overshadowed by the
weak economic growth rumors pertaining to Chinas economy. This negative spin
pushed indices lower today. Todays Dow Jones Industrial Average, Nasdaq, S&P 500
Trends Approaching Close: The DJIA was red by .40 percent at 12,186.19. The
Nasdaq was red by .04 percent at 3,077.09 and the S&P 500 was red by .22 percent
at 1,405.29 just prior to close today. Frank Matto
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