dow2664
Negocioenlinea
The Dow Jones Industrial Average and the S&P 500 moved positively towards two year highs during the last trading session in the United States. The Dow ended the trading session at its highest level in over two years. Positive momentum carried over from Tuesday's close as stocks moved higher after Japan pledged to buy eurozone bonds, thus easing anxieties related to the European debt crisis. The Federal Reserve released its Beige Book report which showed that the economy continue to grow towards recovery at a moderate level. Currently, prior to opening bell for the U.S. market trading session on January 13th, 2010, stock future tracking indicates that stocks will open lower this morning. The Dow Jones Industrial is red by .11%. The Nasdaq is red by .07% and the S&P 500 is in the red by .12%. Today is expected to be the busiest day of the week 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. Tomorrow, 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 on Friday, the University of Michigan's consumer sentiment index for January will post. It is expected to have risen as well. Author: Frank Matto
No comments:
Post a Comment