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dow2664 Today’s market open will have to pick up and contend with the stock struggles observed during yesterday’s 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 India’s 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 Department’s 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 Department’s 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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