S&P 500

Most indexes on Wall Street opened higher this morning, but their gains were quickly diminished. The strong push given to investors yesterday by corporate earnings from the likes of Microsoft and Ford seem to have worn off overnight.

As quickly as stocks had fallen yesterday they turned around and drove back up the hill this morning. Wall Street was up well over 1 percent in the morning and investment was riding high.

The surge from yesterday is expected to continue into trading today as investors respond to strong earnings reports from major banks.

Unfortunately for American investors the momentum from Monday did not carry well into this morning. Markets were down nearly 1 percent overall soon after the opening bell.