dow2664
Negocioenlinea
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 week’s 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 McDonald’s 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
No comments:
Post a Comment