The Dow Jones Industrial Average, Nasdaq and S&P 500 all ended with gains at
close of yesterdays 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 yesterdays 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 todays 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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