As of end of session close in the United States yesterday, stock index
composites ended relatively flat. The Dow had decreased by 5.07 points or 0.04%
to 12,268.19. The Nasdaq had gained 7.74 points or 0.28% to 2817.18. The S&P 500
rose 3.17 points or 0.24% to 1332.32. The dollar had gained on the euro and the
British pound. Today a manufacturing index report from the Federal Reserve Bank
of New York is due to post. The Commerce Department will report on retail sales
prior to the opening bell for the day as well. Sales are expected to have
increased in January. In addition to this report, the National Association of
Home Builders is due to post after the opening bell. It will release its
preliminary housing market index for February. Earnings reports to post today
will stem from DELL, Sirius XM Radio and Century Link among others. Wednesday
will bring about the Commerce Department's producer price index. This index is
a measure of wholesale inflation and it is expected to have risen slightly. In
addition, housing starts and building permits for January will post on this day.
Economist are expecting these numbers to rise. Earnings reports will stem from
Comcast, CBS and Deere among others. The Labor Department will issue its
consumer price index report on Thursday and the Federal Reserve Bank of
Philadelphia will post a manufacturing report this day as well. The government
will issue its weekly report on initial claims for jobless benefits this day as
well. Earnings reports will stem from companies such as Nordstrom, Intuit and
Apache among others. Nothing major at this point is in the forecast to post on
Friday. The days prior will build momentum, positive or negative, to ride out
the last trading day of the week. Currently, prior to opening bell for the U.S.
trading session, stock futures reveal positive positioning. After a quiet
trading day, all three major indexes in the U.S. are positioned higher. The Dow
Jones Industrial Average is green by .09 percent. The Nasdaq is green by .05
percent and the S&P 500 is green by .06 percent according to market tracking
prior to the second day of trading in the U.S. this week. Author: Frank Matto
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