Stocks moved ahead yesterday during the U.S. trading session but fell off a bit
towards end of day close. Positive economic reports bolstered index values
throughout the day however and the Dow, Nasdaq and S&P 500 trending stayed
green. The Dow moved ahead almost 50 points altogether. The Fed reported that
the economic recovery was still in need of Federal intervention and their plan
of QE2 would be implemented without major revision. Current index values prior
to opening bell for the U.S. trading session today reveal that trending is in
the red. The Dow Jones Industrials are down by .42%. The Nasdaq is down by .50%
and the S&P 500 is lower by .49%. Major Asian and European index values are
trending red right now as well. The Nikkei 225 and Hang Seng are trending red as
are the FTSE 100 and the DAX. For todays U.S. session, the U.S. consumer price
index will post prior to opening session as will the empire manufacturing survey
and government data on industrial production. Tomorrow will bring the
government's weekly report on initial claims for jobless benefits which is
expected to rise slightly from numbers observed last week. A housing starts
report will post this day as well. It is a busy week in the market. Author:
Frank Matto
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