Investors are a little unsure how the markets are going to sway as the week
continues. It has been mixed and recent reports do little to skew ones
perspective too far in any specific direction. ADP reported this week that
private sector employers are adding jobs, more jobs than we had originally
expected. On the flip side however, is the leaking of potential layoffs across
our nation. Recent consulting data reveals that the number of jobs on the
potential chopping block for February is up over 30 percent when compared to
January. The Dow Jones closed yesterday in the green as it finished the day off
higher by over 8 percent. This positive end was also built on the news stemming
from the Federal Reserves Beige Book report. The report revealed that the
economy is growing and moving at a moderate pace in the right direction. This
silver lining came with some gray as well though. The report also portrayed
rising inflation potentials and higher commodity prices being passed on to the
consumers of America. The growth we are seeing now could be short lived. The
higher energy commodity costs could also prevent employers from hiring new
employees and even initiate further layoffs. For now investors ignore the
potential. The Dow Jones Industrial Average even started the day, prior to
opening bell, in the green. A good sign for things to come? Author: Frank Matto
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