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Stock Market Investing News Trends Today June 25, 2012 Mid-Day:
The Dow Jones Industrial Average, as well as the S&P 500, tracked lower through the course of last week’s trading sessions and trends today remain negative. Futures for the three primary stock composites were posting red this morning and stocks opened lower. Pressures relating to the European debt crisis continue to plague the marketplace.
Spain officially requested bailout funds and Cyprus received another credit downgrade. Yesterday, the Bank of International Settlements requested that eurozone countries take action to ensure bank deposits and take measures needed to avoid another banking collapse. The primary concern is avoiding the negative ramifications that a eurozone banking collapse would have on the global economy. In addition to this negatively skewed news overseas, mixed economic reports continue to gather in the U.S. which imply an economic slowdown. Investors hope for a positive catalyst today, but so far one has not presented. As the trading session reached the mid-day mark, global markets were lower and the primary U.S. stock composites were tracking through negative territory across the board.
Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 Mid-Day Trends Today:
At the mid-day mark today, all three primary stock composites were tracking in the red. The Dow Jones Industrial Average was negative by 1.39 percent at 12,465.04. The Nasdaq was lower by 2.14 percent at 2,830.31 and the S&P 500 was in negative territory on the day by 1.91 percent at 1,309.43.
Frank Matto
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