Opening Bell

With the opening bell, stocks are trading in a mixed fashion. S&P 500 just manged to touch the green, now trading at 943.39.

American Express Co. (AXP) is now being upgraded by S&P from sell to hold. According to the analyst, AXP is offering a $500 million equity offering to pay back TARP capital. Stock is now trading at 24.90, down 4.35%.

U.S Dollar is also under pressure today. The index is down 0.38% to 78.78.

Meanwhile Citigroup (C) is under heavy fire from the short-sellers. The short float is over 23% at 1.3 billion shares. As you know, these shorts, at some point, need to be covered. Therefore, it will cause a big demand for the C shares pulling the stock higher.