The stock market will begin the second half of Mays open trading sessions
today. The last two weeks of stock action resulted in the Dow Jones Industrial
Average and other major U.S. stock indices move lower. Investors on Wall Street
were disappointed yet again when this past Friday came to a close and the major
indices in the United States ended just lower. Investors hope to profit more in
this week to come. Last week, the Dow Jones Industrial Average ended the week
lower by .3 percent. Some analysts are saying that this is the correction that
was inevitable and overdue. The week was up and down trending and a bit
volatile. Investors will hope to see tends move more consistently in a positive
direction as the first trading session in the U.S. progresses on Monday.
Investors will look to process the economic news in hopes of finding signs that
indicate progressive trends that promote a growing economy. Under the investor
microscope today will be the release of the Empire Manufacturing Survey stemming
from the New York Federal reserve. In addition after the opening bell today, the
National Association of Homebuilders will release its housing market index for
May. Earnings reports posting this day will stem from companies such as Lowes
and J.C. Penny. On Tuesday, the April housing starts and building permit data
posts in the a.m. Data from this report is expected to be mixed with housing
starts posting higher and building permits dropping lower from the previous
months numbers. Earnings reports this day will post from Home Depot, Wal-Mart
and Dell. Come midweek on Wednesday, policy meeting minutes from April will be
released via the Federal Reserve. Info pertaining to the quantitative easing
program and its ultimate end will be woven into discussion points this day.
Earnings reports this day will post from Target and Hewlett-Packard. On
Thursday, data pertaining to first time jobless claims will post as will 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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