Equities Mid-Day Stock Market Roundup: Stocks Trading Flat

Equities Editors Desk  |

Obama U.S. Debt EconomyStocks are trading flat today despite positive earning announcements from several major companies. The initial sentiment from investors is that positive earnings this quarter may not necessarily be a good indicator of a stronger outlook. Meanwhile, Wall Street is anxiously anticipating President Obama's speech later today on how he plans to cut the federal spending budget. While public funding for Medicare, Medicaid and Social Security is expected to be addressed, investors aren't sure to what extent they will be cut. Another main discussion point will be the tax rate of individuals making $250,000 or more. Oil prices gave the energy sector a boost as the cost per barrel moved back up to $107, but the impact on consumers is still a concern. On a positive note, jobs openings have increased to 3.1 million openings, reaching pre-financial crisis levels.

DJIA: 12,237.62 (-0.21 percent)
S&P 500: 12,237.62 (-0.27 percent)
Nasdaq: 2,748.45 (+0.13 percent)
Russell 2000: 823.17 (+0.11 percent)

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