SmarTrend Mid-Day Market Recap: June 8, 2010

The major U.S. equity indices are trading mixed Tuesday despite comments from Federal Reserve Chairman Ben Bernanke that he does not expect a double-dip recession. Bernanke helped to soothe some investors' fears after a disappointing employment report from the Labor Department last week. He added that European leaders were taking the right steps to control rising deficits. The euro, which has become a measure of confidence in Europe's ability to contain its debt issues, rose slightly to $1.1925, a day after reaching a fresh four-year low. The Fed releases its beige book report on Wednesday, which will offer a snapshot of economic activity. In corporate news, BP (NYSE:BP) shares are trading 4.92% lower at $34.95 after the Coast Guard reported that its containment cap collected about 14,800 barrels of oil in the Gulf of Mexico over the last 24 hours. The Dow Jones Industrial Average (DJI) is trading 0.55% higher at 9,870.83, the S&P500 (INX) is trading 0.35% higher at 1,054.12, and the Nasdaq Composite (IXIC) is trading 0.62% lower at 2,160.36.