Stock market index composites moved to higher ground as of last session close
in the United States. The Dow closed above the 12,00 mark again yesterday as
stocks posted broad gains. Today, Federal Reserve Chairman Ben Bernanke will
follow up his newsworthy comments made last week by testifying before the House
Budget Committee. Bernanke's comments often make headlines and may be
influential in pushing the day's index trend lines. One major earnings report
to post this day will come from Coca-Cola and Cisco Systems. Thursday, as often
is the case, will garner more attention as news and economic posts in our nation
will skew towards employment. The government will post its weekly report on
initial jobless benefit claims and the government will also report on wholesale
inventories. In addition to these reports, the federal treasury Budget is due.
Pepsico will post a report this day as will Kraft Foods and Expedia. On Friday,
the government will post data on December's U.S. trade balance. In addition to
this report on Friday, the University of Michigan will post its report on
consumer sentiment. A report is due out this day from Discovery Holdings.
Currently, prior to opening bell for today's market session, stock futures
reveal tracking in negative territory. The Dow Jones is lower by .19 percent.
The Nasdaq is in the red by .25 percent and the S&P 500 is lower by .19 percent.
Author: Frank Matto
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