This is your Mid-day Market Update. Stocks open to up arrows but are not slipping in the afternoon session on Monday. This over concerns of the anticipated European Central Bank talk in the week ahead.
The slip below Monday's open were led by tech stocks. However, Apple and Cisco are keeping the sector from falling further. Both gained close to 2% in the session but now have fallen slightly below 1.5%.
Oil also went above the $90 a barrel mark this morning but has recently slipped below that. Analysts are saying many investors are waiting to see what the U.S. Federal Reserve will say later this week.
And stocks could be lower because of the anticipation of the meeting between Treasury Secretary Timothy Geithner and Germany's Finance Minster Mario Draghi. They will discuss the challenges facing Europe and the global economy. Hopefully good news will come out of that to stoke the markets.
Currently, the Dow is down 22 points to 13,054. The Nasdaq is down 13 and the S&P is down just 4 points. For more market updates and analysis of the business world follow us on twitter @FNNOnline or check out our website at fnno.com.