MIDDAY LUNCH

Dow 10673.44  +45.12, Nasdaq 2294.95  +12.19, S&P 1142.89  +6.18 

The markets are trading higher today on the strength of financials which are up +1.9%.  Several of Wall Street's financial executives are currently testifying on Capitol Hill about the financial debacles of the past couple of years.  Additionally, eight of the ten major sectors are trading higher.  Only Telecom and Energy are lagging today.

Oil prices are now down -1.2% to $79.80 per barrel. After hitting morning highs of $80.40 per barrel minutes after the open.  Following the release of the inventory data, which showed a build of 3699K vs. consensus of a build of 1500K, crude sank to $78.37.

The Treasury will auction $21 billion in 10-year Notes at 1:00 PM ET.  The benchmark 10-year Note is down nine ticks ahead of the report, the Note now yields 3.75%.

Google (GOOG) 584.33 -6.32, -1.06% shares are under pressure today.  The company announced it will stop censoring results on its Chinese site and risk being ejected from the world's most populous internet market after a 'highly sophisticated' cyber attack that was aimed at the email accounts of human-rights activists.   Shares of GOOG are now below their 50-day moving average, which is a key technical support line that hasn't been violated since July.

At least 20 other large companies were also targeted by hackers stealing highly technical data and trade secrets.  The hackers are believed to be sponsored by the China government.