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dow2664 Today’s 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 today’s 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 Department’s 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 Department’s 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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