Trading has been choppy today as Wall Street hinges on every headline coming from across the pond. There are so many factors in play today as the European markets finished mixed while here in the States our indexes have also traded mixed with the Dow and S&P 500 showing some strength. There are still a number of unresolved issues hanging in the balance which has led to some weakness but there is clearly money coming into this market.
The bulls got off to a great start but there is a debate on if the European crisis could still worsen despite efforts to shore up the region. Germany has approved boosting the EFSF bailout fund but Greece continues to wrangle with austerity measures. The suit-and-ties are meeting behind closed doors as we talk and we aren’t sure what to expect.
The Dow is up 40 points to 11,747 while the S&P is higher by a point to 1,230. The Nasdaq is down 13 points to 2,625 but has traded under the 2,600 level to a low of 2,598.
Earnings for Thursday include: Aetna (AET, $39.15, up $0.84), Green Mountain Coffee Roasters (GMCR, $58.30, down $6.45), Deckers Outdoor (DECK, $104.16, down $1.12), Time Warner Cable (TWC, $70.79, up $0.48), Las Vegas Sands (LVS, $42.80, up $0.75), Occidental Petroleum (OXY, $86.26, up $1.12) and Procter & Gamble (PG, $64.37, down $0.14).
We have been super busy today so let’s go check the updates inside the Members Area! We will be back in the morning with our next update.