Todays stock market moves forward for the month of May and investors look to
profitable earnings reports as well as positive economic reports, especially in
the jobs sector, to keep major index composites posting green through this month
of trading. The Dow Jones Industrial Average and Nasdaq finished April off well
and thus positioned well for todays May stock market open. On the schedule today
will be the Institute for Supply Management's manufacturing report for April.
The Commerce department will also post the construction spending figures data.
Sales figures will post from the major auto makers and notable companies posting
earnings data will be Humana and Chesapeake. Auto sales are expected to show on
overall decline from last month but should post higher than results that posted
at the same time last year. General Motors is expected to show a significant
gain in sales however and position itself as the leader in auto sales. Scheduled
for Tuesday is the March factory orders report posting via the Commerce
Department. Economists expect that this report will post positive results.
Earnings reports this day will post from companies such as CBS, Avon, Clorox,
MasterCard and Pfizer. On Wednesday, the ADP report will post data pertaining to
private sector jobs for April. Analysts expect that the positive trend in this
sector will continue. March showed that just over 200,000 jobs were created in
the private sector and economists look for April to continue this positive
trend. In addition this day, the service sector index report will stem from the
Institute for Supply Management. Earnings reports this day will post from
companies such as MetLife, Kellog, Prudential Financial, Time Warner and News
Corp. Investors will get to glimpse the Labor Departments report on weekly
jobless claims on Thursday. This data is expected to reveal a drop in the number
of weekly jobless claims compared to the week prior. Earnings reports this day
will post from companies such as Kraft, AIG, Sara Lee and Priceline.com.
Investors will wait the week to view the Labor Departments full jobs reports due
to post Friday morning. The unemployment rate is expected to remain about the
same at 8.8 percent nationally. Constellation Energy is due to post earnings as
is the Washington Post Company and Weight Watchers International. The stock
market today and the Dow Jones Industrial Average today and through the week
will move, in part, according to the above listed schedule of stock market news
events. Author: Frank Matto
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