(As of 7:10 am PST)
All major financial headlines are being overshadowed
today by the dramatic events unfolding in Boston as police and FBI search for
suspects in the Boston marathon bombing.
A manhunt has ensued after a chaotic night in a Boston suburb that
resulted in one of the suspects killed in a shootout. An MIT police officer was also fatally shot
during the chase. The other suspect is
reportedly armed and dangerous and believed to be hiding in a house in the
suburb of Watertown, Mass. The events
have overshadowed most financial news this morning. The opening bell of the stock market was a
non-event as all major news outlets were covering the events in Boston. Earnings continue to trickle in and will
likely determine market direction today as major players like IBM, GE, and McDonalds
are seeing movement in early trading.
IBM is weighing heavily on the Dow after missing on earnings and
revenue. International markets got a
boost with Asian markets higher led by the Shanghai composite index which
finished up 2.1%. The European trade was
also higher. Gold is up by .75% and oil
is also higher. With the IBM slide,
blue chips in the Dow are being held back while the S&P and Nasdaq appear
to have upward momentum that looks to want to hold today.
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