[June 10, 2011] SmarTrend Midday Market Recap -- June 10, 2011 (DJI,INX,IXIC) Tweet Jun 10, 2011 (SmarTrend(R) Market Commentary via COMTEX) -- Last updated June 10, 2011: 12:45 PM ET --- The major U.S. equity indices are trading lower Friday, with the Dow dropping below 12,000, following a bleak outlook from Travelers Cos. (NYSE:TRV). The Federal Reserve sought authority to make annual decisions on whether the nation's biggest banks can pay dividends or repurchase stock. In corporate news, Goodyear Tire (NYSE:GT) shares are down 6.6% at $15.00 after the company agreed to sell its Asian wire business to Hyosung Corp. for $50 million. The Dow Jones Industrial Average (DJI) is trading 1.15% lower at 11,984.68, the S&P500 (INX) is trading 1.17% lower at 1,273.88, and the Nasdaq Composite (IXIC) is trading 1.14% lower at 2,654.26. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]