Todays stock market index composite trends hope to pick up and gain momentum
off of yesterdays 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. McDonalds 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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