Market index composites have not spent much time trending in positive territory
this week. So far, each open trading day in the United States has resulted in
the major index composites ending in the red. Stocks sunk lower for a second
straight day yesterday and the negative momentum builds. The Dow Jones ended the
day with a total loss of just over 107 points. Political unrest and violence
erupting in the Middle East are spiraling negatively and reeking havoc on the
world market systems. Today, the Commerce Department will release its new home
sales report during the first half of trading. In addition, the weekly initial
jobless claims report will post this day. Also on this day, the Commerce
Department will release its Durable Goods orders. Kohl's, General Motors, and
Target are among companies scheduled to post earnings reports this day. On
Friday, the University of Michigan will post its reading on consumer sentiment.
Another reading on the U.S.'s fourth quarter gross domestic product will post
as well. This report will measure the total of goods and services active in our
current economy. Estimates for this reading are skewed towards moderate growth.
JCPenny is among the companies scheduled to release earnings reports on the last
trading day of the week. Currently, market tracking prior to opening bell for
the first day of trading this week reveals that stock futures are posting in the
red again. The Dow Jones is red by .26 percent. The Nasdaq is lower by .58
percent and the S&P 500 is red by .41 percent. Author: Frank Matto
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