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Stock Market Investing News July 9, 2012 Mid-Day Trends:
Investors’ confidence diminished with the weaker than expected jobs report last week. The primary stock composites finished red across the board last session and futures were still in the red prior to opening bell this morning. Stocks set up for the lower open today as whispers of a slowing economic recovery process in the U.S. increased.
Primary market indicators in China today finished in the red amidst the growing concerns of diminished global growth potential. Europe and China continue to pressure market trends around the world, but the June jobs report in the U.S. remains a negative focus right now. The U.S. economy needs to create, on average, 350,000 jobs a month to pull down the national unemployment rate. Right now, the unemployment rate stands at 8.2 percent and only 80,000 jobs were added last month. The negative weight of this news continues to afflict index trends today. As the trading session reached the mid-day mark in the U.S., the primary stock composites were tracking lower.
Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 Stock Market News Mid-Day Today July 9, 2012:
The Dow Jones Industrial Average was lower by .67 percent at 12,687.17 at mid-day. The Nasdaq was lower at this point by .54 percent at 2,921.55 and the S&P 500 was in the red by .48 percent at 1,348.18 at the halfway point in the trading session today.
Frank Matto
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