Mon 16 Apr 2012 11:18:00 CT
US equity markets took a higher track into the Wall Street open, helped by a rebound in European equities and better that expected earnings from Citigroup. Shares began to turn lower in the wake of disappointing earnings results from Mattel and weakness in the shares of Google ahead of legal proceedings with Oracle. Apple shares were also down 3.0% after trading below $600.00, and that seemed to weigh across the technology sector. The outside market tone also seemed subdued in the wake of Spanish Bond Yields soaring back above the 6.0% level for the first time in four months. Meanwhile, the Dow Jones Index was able to hold in positive territory throughout the morning hours, helped by gains in IBM and Caterpillar.
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