MIDDAY LUNCH

Dow 10443.99  -76.33, Nasdaq 2294.90  -24.74, S&P 1120.59  -7.56 

The markets started off trading to the plus side today but quickly fell into negative territory.  The market now stands off the session lows but has hit resistance to it rising further.

Currently Utilities are the only major sector trading in positive territory, up +0.3%.

Europe closed lower today but off the session lows. UK FTSE 100 -2.62%, Sweden OMX -3.64%, Germany DAX -3.27%, France CAC 40 -4.60%, Belgium BEI-20 -4.33%, Italy FTSE MIB -3.27%, Stoxx Europe 50 -3.69%. European traders are still concerned with the potential fallout from Greece and traders didn’t want to go into the weekend long stocks.

 

Treasury yields are lower, the ten year note now stands at 3.42% and Gold is trading at 1205.10 +$7.80 as traders look for safety going into the weekend.

 

In economic news payrolls rose an unexpected 290,000 but the unemployment rate also rose to 9.9%.