Expectations are high this week as many companies are turning their attention
towards quarterly earnings reports. The markets are struggling and strong
earnings reports will go long way towards pushing index trending into positive
territory. Last week, stock market index composites ended Friday's session
with mixed results. The Dow Jones Industrial Average ended the session up 49.04
points or .41% and finished the day at 11,871.84. The Standard and Poor's 500
index ended the session higher by 3.09 points or .24% and settled the day at
1,283.35. The Nasdaq ended the session in negative territory by 14.75 points or
.55% and ended at 2,689.54. Currently, prior to opening bell for this weeks
first day of trading, stock index futures are posting red. The Dow Jones
Industrial Average is red by.03%. The Nasdaq is red by .02% and the S&P 500 is
red by .07%. On Monday, quarterly earnings reports will be the main focus as
there are no major economic reports due out this day. Major companies due to
report are McDonalds and Halliburton. On Tuesday, the Case-Shiller is due to
post as is the consumer confidence report from the Conference Board. The Case
Shiller reveals index data related to home prices in 20 major U.S. markets.
Major earnings reports this day will stem from Yahoo, Verizon, DuPont and
others. Wednesday will bring a policy statement from the Federal Reserve in the
afternoon. The Commerce department will report on new home sales data. Earnings
data will stem from US Airways, Boeing, Starbucks and others this day. On
Thursday, the government will report initial claims for unemployment benefits
and pending home sales. Earnings reports will stem from Microsoft and AT&T among
others. On Friday, the University of Michigan will post its report on consumer
sentiment and before the bell Friday, an advance reading on fourth quarter U.S.
gross domestic product will post. Chevron and Ford are among companies that will
post earnings data on the last day of trading for the week. Author: Frank Matto
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