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Today’s stock market index composite trends hope to pick up and gain momentum off of yesterday’s positive results. U.S. stocks were on the rise during the last trading session and commodities notched higher as well. The trends from last week, excluding Friday, revealed index composite trend lines that fell off through the latter half of the trading sessions and many worried if this type of index composite trending would be observed to open this trading week. This was not the case and stocks rose for a second straight session on Monday. The Dow Jones Industrial Average gained almost 46 points on the day yesterday and finished the session with a close value of 12,684.68. McDonald’s was a leading earning report winner on the day as it reported a rise in global sales. Oil price pumped higher once again so the cheaper price per barrel was very short lived. Oil rose over 5 percent on the day and rallied back to 102.55 per barrel. On the docket for today, the Commerce Department will release data on wholesale inventories in the a.m. and just prior to that in the morning, the Labor Department will release April's data regarding import/export price data. Disney will be a major earning report posted this day. Investors will eye this report to get a gauge on business travel and consumer confidence to engage. Wendy's/Arby's group will post earnings data this day as well. Wednesday will bring the U.S. trade balance for March. The trade deficit is expected to have grown over the data that registered in February. Earnings reports this day will stem from Macy's, Cisco Systems and Zipcar. Investors will focus more on the Macy's report. Macy's is a huge department store chain and so investors can glean a lot about consumer confidence from a report associated with one of the biggest department store chains in America. On Thursday, Wall Street will be keenly focused on the weekly report from the Labor Department. Attention will turn towards the weekly jobless claims report stemming from the Labor Department. The department will also release the producer price index for April. Economists are hoping that the weekly jobless claim applications will fall this week. The Commerce Department will post data on March inventories. Earnings reports will post from Kohl's, Nvidia and Nordstrom. To end the week on Friday, the University of Michigan will post data via its preliminary consumer sentiment survey. The data from this survey is expected to reveal the worries that consumers have regarding the price of gas and inflationary potentials, although the recent news regarding Bin Laden's death may help the reading stay steady. The April consumer price index report will post as well via the Labor Department. Author: Frank Matto
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