Stock market index composite trending today will benefit from the positive
trending that took place in the market during the last open trading session in
the United States. All three major index composites ended the last trading
session higher. The Dow Jones Industrial Average moved higher by over 80 points
on the day yesterday. Stocks were pulled higher overall by positive action
observed with energy and tech shares. Yesterdays positive action was just what
the doctor ordered after three previous days of negative close results for the
Dow Jones and the S&P 500. Stocks have been in a slump due to the negativity
felt in the market place regarding the closure of the Federal Reserves $600
billion bond buying program. It will end in June and investors have pulled back
as they prepare for the affects on the economy. Investors on Wall Street will
hope to see the positive momentum from yesterdays trading session carry over
into todays market trading session. Scheduled for today will be data pertaining
to first time jobless claims. Also scheduled to post will be data stemming from
the Philadelphia Federal Reserves survey and Leading Indicators index and
existing home sales statistics. The last several weeks of weekly jobless claims
have been moving higher and analysts expect this weeks claims to drop. Existing
home sales are expected to rise. The Federal Reserve Index report is expected to
post lower and the Leading Indicators report is expected to be little changed
from the previous months data. The major index composite movement in the U.S. on
Friday will trend according to momentum that built over the last several trading
sessions as there is little economic news scheduled to post this day. Author:
Frank Matto
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