Todays market open will have to pick up and contend with the stock struggles
observed during yesterdays open trading session. The Nasdaq and S&P 500 closed
out with numbers in the red and the Dow Jones finished relatively flat for the
day. Earnings reports were not as strong as they have been in recent trading
days and as a result, the major index composites struggled to go positive. Metal
prices were pushed in a negative direction as well due to the recent interest
rate hike by Indias central bank. Today, 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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