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The stock market today posted index values that struggled throughout. Stock futures were in the red before opening session today in the U.S. and trading throughout the day posted little to turn the tide until the very end. The Case-Shiller 20-city August home price index rose 1.7% from August last year. This report was not a positive one as the values came in lower than what many were anticipating and continues the trend of poor and under-performing housing sector reports. The Federal Housing Finance Agencies house price index rose .4% in August after declining .5% in July. In addition to this, weak earnings reports from U.S. Steel, Lexmark, Cummins and Kimberly-Clark all helped to pull stock trending down. It has been a choppy day in the market. Stocks were lower this morning and have been up and down with the data reports all day. Trending for the Dow Jones Industrials slowly tried to regain its composure from a day earlier throughout the day. Ford came in today with a nice third-quarter earnings report that beat analysts expectations by reporting a profit of $1.7 billion or 43 cents per share. European index values finished with losses and as did the Asian index values. Later this week on Wednesday, the Commerce department will release data on durable goods before opening bell and later in the day comes a report on home sales for September. The Department of Labor will release data on weekly jobless claims before opening session on Thursday and this number is expected to rise from last week's 452,000. On Friday, the third quarter gross domestic product reading (GDP) is due before the opening bell and the Chicago regional reading on manufacturing is due just after the bell. For October 26th, 2010, the Dow Jones Industrial Average was up .05% at 11,169.46. The S&P 500 settled at 1,185.64 and the Nasdaq was up .26% settling at 2,497.29. The dollar continued modest gains on the euro by moving up .005. Author: Frank Matto
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