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The stock market index composites today will have to work harder to make up for the negative results that posted to end the last session close in the United States. The Nasdaq ended lower yesterday by .47 percent to close at 2828.23. The S&P 500 ended the last session lower by .69 percent to finish the day at 1347.32. The Dow Jones Industrial Average closed lower by .66 percent to close the day at 12723.58. The thrust of negativity yesterday in the market stemmed from poor economic reports that applied negative pressure to index trend line movement. Gold and silver had a poor day as well. Today, investors hope to see the major index composites recover some of their losses. News that will guide market action this day includes data on unemployment. Investors will get to glimpse the Labor Department’s report on weekly jobless claims on today. 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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