(As of 7:10 am PST)
US stocks opened near the
unchanged line as the Dow Jones Industrial Average looked to sustain a
seven-session winning streak. An empty economic data calendar had investors
turning elsewhere for news. Renewed uncertainty over Greece’s political and
financial situation sent European stocks lower and may prevent US markets from
breaking out today. Asian markets finished Monday’s session mostly higher. Oil
is up slightly, trading just above $55 per barrel, while gold and other
precious metals are lower. Interest rates and the US dollar are also down. In
another holiday shortened week, expect muted market action as trading volumes
will remain lower than normal throughout the week.
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