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The Dow Jones Industrial Average, Nasdaq and S&P 500 all ended with gains at close of yesterday’s trading session. The Dow was higher by 124 points, the Nasdaq was higher by 20 points and the S&P 500 was higher by almost 12 points. Strong reports stemming from the financial sector helped the major index composites gain positive momentum during yesterday’s session. Today, the Commerce Department will report on wholesale inventories. This report is expected to reveal a slight rise from the last reading. Some earnings reports that will surface today 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. Currently, stock futures reveal that the major market indices in the United States are posting mixed results. It appears that today’s open will be flat and stock futures sit on less stable ground prior to opening bell this morning. Author: Frank Matto
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