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
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