The major market indices ended the last trading session in the United States
green. The Dow Jones Industrial Average finished higher by 7.41 points to close
at 12,270.99. The Nasdaq closed higher by 16.73 points to finished at 2,761.51
and the S&P 500 finished the session higher by .25 points at 1,314.41. Stock
composites finished in the green after what was a rocky start to the last
trading session. President Obama presented his plan to address the nations
national debt, and stock index trends received a boost to close the day. The
basic headline regarding the Presidents plan relays that it reduces the nations
deficit by $4 trillion dollars over the next four years. Stock trends today are
expected to position for gains prior to opening bell as they ride the momentum
gathered in the latter half of yesterdays session. Today, the Labor Department
will report on initial jobless claims and the Producer Price Index report from
March. We will see the Consumer Price Index report from the Labor Department for
March on Friday. The Federal Reserve Bank of New York will report its Empire
Manufacturing Index on the last trading session of the week as well. Also, we
will get preliminary data results from the University of Michigan Consumer
Sentiment Index report due this day. Investors will keep a close eye on
indicators as they attempt to process and predict momentum swings. Negative
pressure will still weigh on investors and push index composites. A government
shutdown is still a possibility and will be on investors minds. The crisis in
Japan will continue to apply negative pressure to world markets. Rising crude
price per barrel will definitely be a trend that investors will observe closely.
Rising interest rates is another variable applying negative pressure in the
current economic environment. Many variables will play a part in influencing
composite trends during the remaining two days of this weeks open trading
sessions. Author: Frank Matto
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