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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 today’s 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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