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dow2664 The major market indexes closed on Friday in the green with the Dow up 125.71 points or 1.13%, the Nasdaq increased by 15.3 points or 0.61% and the S&P 500 rose 6.17 points or 0.53%. Although the day ended on a positive note, the major market indexes will all post modest losses for the week as investors review the wild swing of events that saw the Dow plunge and then bounce back on two consecutive days. The overall week will show the Dow decreased by 1.5%, the S&P 500 dropped 1.7% and the Nasdaq was in the red at just under 1%. Despite the dramatic ups and downs displayed this week, stocks are on track for one of their worst months since the onset of the financial crisis. Investors will brace themselves for the risks of the upcoming week with a full schedule of economic reports as well as a full line up of earnings reports featuring Wal-Mart, Home Depot, Lowes, Dell and Hewlett-Packard taking center stage. On Monday the Federal Reserve Bank of New York will release the Empire State Manufacturing Index. The National Association of Realtors will report the Homebuilder Sentiment Index. On Tuesday the Commerce Department is set to report on Industrial Production and housing starts and building permits. On Wednesday the Mortgage Bankers Association will release information on weekly mortgage applications and the Labor Department will release the Producer Price Index. On Thursday the Labor Department will release the Initial Jobless Claims report as well as the Consumer Price Index. The Federal Reserve Bank of Philadelphia will report the Philly Fed Index and the National Association of Realtors will report on existing home sales. No major economic reports are scheduled for release on Friday. Author: Pamela Frost
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