Today’s StoCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES January 10th, 2011 Week’s Overview and Index Futures

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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 Reserve’s 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 Michigan’s 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

Today's StoCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES January 10th, 2011 Week's Overview and Index Futures