Stock market index composites dropped off just after open yesterday morning and
then slowly gained to make up for those losses during the rest of the trading
session. The Dow Jones Industrial Average moved higher by 66 points to finished
green. The Nasdaq composites pushed higher by 18 points to close the session
green and the S&P 500 finished in positive territory as well by moving 7 points
higher on the day. Stocks began their primary surge yesterday around mid-day
once commodities like oil price per barrel rebounded and the dollar advanced on
the euro. Investors hope to close out the last trading session of the week by
carrying the positive momentum from yesterdays close through todays market
close. On the schedule for today, the University of Michigan will post data via
its preliminary consumer sentiment survey. The data from this survey is expected
to reveal the worries that consumers have regarding the price of gas and
inflationary potentials, although the recent news regarding Bin Laden's death
may help the reading stay steady. If the report skews negative, look for safe
haven gold to build on the gains it built yesterday. The April consumer price
index report will post as well via the Labor Department. All eyes will be on the
stock market trends today in hopes of observing a strong close to the week. The
Dow Jones Industrial Average will garner increased attention this day. Author:
Frank Matto
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