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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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