The Dow Jones, Nasdaq and S&P 500 ended last week with modest gains but will
anxieties over rising oil prices and violence in the Middle East drag stocks
down this week. The Dow finished last week at 12,169.88. The Nasdaq finished
last week at 2,784.67 and the S&P 500 closed at 1,321.15. The economic recovery
has been moving in a positive direction and just as the Labor sector appears to
be taking acceptable steps forward, the political unrest in other parts of the
world threaten to derail progressive trends in the United States. This week will
start off modestly as the Federal Reserve begins with its post of Januarys
consumer credit data. Some earning reports that are due out Monday will stem
from Urban Outfitters, Verizon Communications and AT&T. Tuesday will be
relatively slow as there are no major economic reports scheduled to post this
day. Some earnings reports that will post Tuesday will stem from J. Crew, Bank
of America and Boston Beer Company. On Wednesday, the Commerce Department will
report on wholesale inventories and this report is expected to reveal a slight
rise from the last reading. Some earnings reports that will surface Wednesday
will post from Mens Wearhouse and American Eagle Outfitters. On Thursday, the
Commerce Department will post the trade balance report for January and
economists are expecting it to reveal a deficit. In addition this day, reports
on initial jobless claims will post and economists are anticipating that the
weekly jobless claims will bump up a bit higher than last week. Some Earnings
reports due Thursday will stem from Aeropostale and others. On Friday, the
Commerce Department will present the retail sales report for February and this
report is expected to be a bit more positive than the retail sales report from
January. In addition to this post, investors will be waiting to hear the details
from the University of Michigans Consumer Sentiment Index report. The index is
expected to reveal a minor drop in Sentiment due to the higher energy commodity
readings. Earnings reports for the last trading session of the week will post
from Ann Taylor Stores and others. Authors: Frank Matto
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