(as of 7:15 AM PST)
Stocks are off moderately in quiet trading. The volatility of the last two weeks seems to be dampening in what has been a roller coaster ride. Oil continues to fall with excess supply concerns and reports that US storage capacity for crude is nearing maximum capacity. The US dollar is steady ahead of the important Federal Reserve Bank meeting, an event which could be a market mover. Profit reports for some large international players are trending towards weakening earnings due to the strength of the US dollar. Asian markets were higher overnight while Europe was mixed with the UK leading the way and the European Union struggling with how to handle the Greece financial crisis.
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