The major stock market index composites closed the last session mixed. The Dow
Jones Industrial Average finished lower by 26.11 as it closed Mondays session at
12,479.88. The Nasdaq moved higher by 5.72 points to close the last session at
2,825.88 and the S&P 500 closed the last session lower by 2.13 to close at
1,335.25. Gold price per ounce finished with a second consecutive close above
1500 per ounce. The stock rally that initiated last week stalled during the last
session in the U.S. For today, the Case-Shiller 20 city home price index report
is due to post. This report is expected to post decreased values in February
which would extend the negative trends produced by this report over recent
months. In addition to this report, the Conference Board will release the
Consumer Confidence index for April. The Consumer Confidence report is expected
to edge slightly higher in April over March. Some noteworthy earnings reports
this day will post from Ford Motor, Coca-Cola, UPS, 3M and Amazon. Investors
will be waiting for Federal Reserve Chairman, Ben Bernankes, press conference
report on Wednesday. The report will highlight the current state of the economy
and progressive steps to be taken as we move forward. Major earnings reports
posting this day will stem from Aflac, Boeing, BP, Whirlpool and Starbucks.
Thursday will highlight the economy as data will post via The Commerce
Departments report on first quarter progress and economic growth. The weekly
report on first time jobless claims will post this day as well. This number is
expected to decrease over the mark that posted last week. Pending home sales
data will stem from the National Association of Realtors and this data is
expected to be an improvement over last months pending home sales figures.
Notable earnings reports this day will post from Sprint Nextel, Microsoft, Exxon
Mobil and Proctor and Gamble. For the last day of the trading week on Friday,
data on personal income and spending will post as will the Chicago PMI reading
for April and the consumer sentiment reading for April from the University of
Michigan. Notable earning reports this day will post from Chevron, Goodyear Tire
and Rubber and Caterpillar. The Dow Jones Industrial Average ended the last week
on a higher note and investors look to invest money and profit once again this
week. Author: Frank Matto
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