Dow Jones Industrial Average Stock Market Today; Nasdaq; S&P 500; Money and Investment News Open

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Stocks sunk lower yesterday as the Dow Jones Industrial Average dropped 140 points to close the last trading session in the United States. Money and Investment news skewed negatively. The Nasdaq fell 29 points and the S&P 500 dropped 15 points total. Stocks dropped off after the Standard and Poor’s downgraded rating of the U.S. economic outlook. Investors hope for a rebound today. Key earnings reports will post via Yahoo, IBM, Goldman Sachs and Johnson and Johnson. Goldman Sachs will post data prior to opening bell today and profits are expected to show a decline. IBM’s earnings data will post after the bell and economists are expecting the tech giant to post a profit. In addition to these key earnings reports, the Commerce Department will post March housing starts and building permits. The housing sector has been struggling and there is little reason to believe that this data will skew towards the positive. On Wednesday, economic data will relate to the report stemming from the National Association of Realtors pertaining to existing home sales. Key earnings reports this day will be presented via Wells Fargo, American Express, AT&T and Apple. Apple’s earnings data will post after closing bell and economists are forecasting positive numbers for the tech company. Thursday will bring the Labor Department’s report on new and continuing jobless claims. These numbers notched higher last week and so all eyes will be watching to see if this was just a blip or a directional trend. In addition to this report and other economic indicators, key earning reports are positioned to post from a handful of companies. McDonald’s, DuPont, Verizon Communication and Southwest Airlines are all in line to post earnings reports. Friday will be uneventful in the U.S. as the markets in the United States will be closed for the day. So it is a short week, and although there is a moderate list of key economic reports set to post, earnings data may be looked at more closely. Last week overall was a loss as the Dow Jones Industrial ended in the red for the week and investors hope to bounce back this week. Money and investment news will have to improve as the week develops.