The Dow Jones Industrials ended the first week of 2011 in the red. The stock
market today will work towards rebounding from the lower composite index levels
that ended the first week of trading in 2011. Specifically, the Dow Jones ended
the day in the red by .19% and settled at 11,674.76. Stock Market indexes were
lower. The Nasdaq ended the session lower by .25% and settled at 2,703.17. The
S&P 500 ended in the red as well by .18% and ended the last trading session in
the US at 1,271.50. The week ended with the government posting that the national
unemployment rate dropped from 9.8% to 9.4% and overall, the stock market ended
the week with gains. On Monday this week, there will be little by way of trend
moving economic reports. The Commerce Department will report on Tuesday. It will
release its wholesale inventories report in the early a.m. and this post is
expected to be positive. On Wednesday, the morning will be filled with posts
regarding import and export prices and weekly crude oil inventories are due this
morning as well. The Federal Reserves Beige Book report is due out in the
afternoon as is a post relaying the December Treasury budget. Thursday, as often
is the case, will be the busiest day for economic posts. The Department of Labor
will be presenting the weekly jobless claims report in the morning and the
number of Americans that are filling for first time unemployment benefits is
expected to have risen. The Producer Price index is also due out from the
Commerce Department this day as well. The Commerce Department will also post the
trade balance which is expected to have widened. Friday, the Commerce Department
will post the Consumer Price Index. The Commerce Department will also post
reports on retail sales, which analysts expect to reveal gains. Later, the
University of Michigans consumer sentiment index for January will post. It is
expected to have risen as well. Currently, stocks are positioned to open lower.
Prior to opening bell for January 10th, 2011, stock futures are indicating red
trending. The Dow Jones Industrial Average is down by .23% and the Nasdaq and
S&P 500 are in red territory as well. Since there are no major economic posts
slated for today, positive trending may be difficult to reach this day. Author:
Frank Matto
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