[June 13, 2011] SmarTrend Midday Market Recap -- June 13, 2011 (DJI,INX,IXIC) Tweet Jun 13, 2011 (SmarTrend(R) Market Commentary via COMTEX) -- Last updated June 13, 2011: 12:45 PM ET --- The major U.S. equity indices are trading lower Monday despite an influx of corporate dealmaking. Standard & Poor's downgraded its long-term sovereign credit ratings on Greece to CCC from B, with a negative outlook. S&P has a short-term rating on Greece of C. In corporate news, Wendy's/Arby's Group (NYSE:WEN) said it would sell control of its Arby's restaurant business to a private equity firm that owns several other franchises. VF Corp. (NYSE:VFC) said it would by Timberland for more than $2.2 billion. The Dow Jones Industrial Average (DJI) is trading 0.19% lower at 11,929.58, the S&P500 (INX) is trading 0.34% lower at 1,266.69, and the Nasdaq Composite (IXIC) is trading 0.46% lower at 2,631.50. 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 ]