The Dow finished higher yesterday again as it close above the 12,000 mark for
an additional day. The Dows close marks the eighth straight day the index closed
higher. The Dow finished yesterdays session higher but the Nasdaq and S&P 500
finished lower. Federal Reserve Chairman, Ben Bernanke, reported that as the
economic recovery moves forward, unemployment is still above average and fears
of inflation potentials are currently misguided. Today in the stock market, 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 red by .38 percent prior to the opening bell for todays trading
session in the United States. The Nasdaq is negative .84 percent and the S&P 500
is in the red by .51 percent currently as well. Author: Frank Matto
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