Stocks saw a massive sell throughout the trading session yesterday in the
United States. The Dow, Nasdaq and S&P 500 all dropped lower by end of day
close. The Dow Jones Industrials fell negative by 1.44 percent. The Nasdaq fell
negative by 2.74 percent and the S&P 500 fell into the red by 2.05 percent.
Tensions and violence stemming from areas in the Middle East are being blamed
for the negative trading sessions worldwide. The markets moved lower and
investors now begin to wonder if the sell-offs could present a good buying
opportunity. The rest of the market week will be busy in the United States.
Today, the National Association of Realtors will release existing home sales
numbers. The housing sector has struggled and analysts anticipate that
Wednesday's report will do little to help. Existing home sales are expected to
drop. earnings reports will post from companies such as Lowes, Dollar Tree, and
Saks among others. On Thursday, 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
green. Stocks are positioned for a higher open as Future tracking displays the
Dow trending higher by .26 percent. The Nasdaq is higher by .40 percent and the
S&P 500 is higher by .40 percent prior to opening bell. Author: Frank Matto
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