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The stock market will begin the second half of May’s 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 Reserve’s 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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