dow2664
Negocioenlinea
Stock index composites revealed negative trending after a significant sell-off to start yesterday’s trading session. The major index composites attempted to climb their way out of the hole throughout the trading session in the United States yesterday, but it was a far climb. The Dow Jones, Nasdaq and S&P 500 ended the day in the red. Work market turmoil relating to the disaster in Japan continues to take a toll on stocks. Today, the February housing starts and building permits report will post during the first half of trading. In addition to this report today, the Producer Price Index will post via the Commerce Department. The Producer Price Index is a measure of wholesale inflation and is expected to have bumped up slightly. The rest of the week will be busy as well. Thursday will be a busy day for economic reports. The government's weekly report on initial jobless claims is scheduled this day. It rose last week but is expected to have dropped from the previous week's numbers. In addition to this report, the U.S. consumer price index will also post and this report will provide data on inflation. The price index is expected to have risen. Adding to the flurry of information this day will be the Philadelphia Fed Index for February which is a regional reading on manufacturing. Friday reporting will be minimal and the momentum created earlier in the week will help to support trending on the last trading session of the week. World news developments will help to push stock market trending this day as there are no major economic reports scheduled to post. Currently, stock futures indicate that the major index composites are positioned to open in the red and stocks are poised for a lower open today. The Dow is posting negative .19 percent prior to opening bell. Author: Frank Matto
No comments:
Post a Comment