The market moved higher after eurozone optimism increased on a Merkel and Sarkozy meeting that stressed a new eurozone treaty. Factory orders came in at -0.4%, dropping from -0.1% in September. ISM Services came in below expectations. Investors turned cautious following reports that Standard and Poor's may put eurozone nations on notice for possible downgrades. After rising about 1.5% earlier in the trading day, all three major indexes trimmed those gains. We expect more volatility later this week.
