The major index composites in the U.S. initially bumped higher after news
spread of Bin Ladens demise, but ultimately the news pulled back on stocks and
the indices closed the first session in may in the red. The Dow Jones Industrial
Average finished the day lower by .02 percent at 12,807.36. Scheduled for today
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. Author: Frank Matto
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