The major index composites in the U.S. ended mixed last session. The Dow Jones
Industrials closed out in the green by .12 percent at 12,285.15. The Nasdaq
closed in the red by .05 percent at 2,760.22 and the S&P 500 finished the day in
the green by .01 percent at 1,314.52. Economic data that posted on Thursday came
up short of expectations and earnings data from Google came up short for some as
well. Googles posted profits were up 17 percent but expectations from Wall
Street were higher and thus the reported results were a bit deflating to some.
Stocks slowly moved higher after initially dropping off earlier in the trading
session yesterday. Today, we will see the Consumer Price Index report from the
Labor Department for March. The Federal Reserve Bank of New York will report its
Empire Manufacturing Index 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. Stock outcomes today will have to overcome the below average
economic and earning reports that we were dealt yesterday. Author: Frank Matto
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