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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 January’s 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 Men’s 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 Michigan’s 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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