(As of 7:30 am pacific)
Stocks opened higher,
propelled by a surprisingly positive report from tech giant Cisco after market
close last night. Cisco rose by 7%,
pulling the Nasdaq up in early morning action.
Commodities are generally up, although oil is down slightly. The US dollar index is down while interest
rates have ticked up slightly this morning.
News from Europe is troubling, with strikes against austerity in several
countries today. Continuing uncertainty
regarding the fiscal cliff will likely continue the negative momentum of the
past few days. GOP stringent calls
against new taxes are wavering as politicians are starting to access the new
political landscape.
