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The Dow finished higher yesterday again as it close above the 12,000 mark for an additional day. The Dow’s close marks the eighth straight day the index closed higher. The Dow finished yesterday’s 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 today’s 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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