Stocks struggled during yesterdays session and ended the day relatively flat.
The S&P 500 finished the last session lower by .02 percent at 1332.63. The
Nasdaq ended the last session just above break even by .07 percent at 2791.19.
The Dow Jones Industrials finished lower by .05 percent at 12393.90. Investors
mulled over the rising interest rate potentials and continued to feel negative
pressure stemming from the turmoil in the Middle East. Stocks felt the negative
pressure as well, but the uncertainty helped to push precious metals higher
during the last session. For today, investors will look to the agricultural
product producer, Monsato, to post positive earnings data. Another key earning
report this day will stem from Bed Bath and Beyond. On Thursday, the Labor
Department will post weekly jobless claims as usual. Also on Thursday, the
Federal Reserve will release data relating to February consumer credit analysis.
In addition to these two reports, investors will be waiting to see if the
European Central Bank increases its benchmark interest rate in an attempt to
reduce inflationary potentials. The Commerce Department will post wholesale
inventory data for February to end the trading week. Economists are anticipating
that this report will post a moderate increase over the wholesale inventory
report data from January. Author: Frank Matto
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