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The Dow Jones Industrial Average broke the 1200 mark yesterday as strong earnings reports helped push stock index composites higher. The Dow Jones ended yesterday’s session higher by .92%. The Nasdaq ended the session higher by 1.04% and the S&P 500 moved into the green by .58%. Prior to opening bell for today’s trading session, stock futures reveal that trending is dropping into red territory. The Dow is currently lower by .19%. The Nasdaq is lower by .29% and the S&P 500 is red by .34%. Today, 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. In addition, the President will be giving his State of the Union address this evening. 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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