XCSFDHG46767FHJHJF
dow2664 The stock market in the U.S., as well as the global market place, is currently being challenged. Stock indices are being pressured and recent outcomes have skewed negative. The Dow Jones Industrial Average dropped lower by over 172 points last session and closed out at 10,817.65. The Nasdaq finished lower by over 38 points to close out at 2,341.84 and the S&P 500 closed lower by over 17 points at 1,123.53. The Dow Jones ended the week lower overall by 4 percent. The Nasdaq ended the last week lower by 6.6 percent and the S&P 500 ended lower by 4.7 percent. The indices in the U.S. have been taking cues from markets overseas and the cues have been negative. More of the same volatility is expected for the upcoming week. Economic posts expected over the next week will attract an above average amount of attention. Investors on Wall Street will attempt to process new data in hopes of extracting more positive spin. There are no noteworthy economic posts scheduled for Monday in the U.S. Stock market trends are likely to follow global market cues this day. On Tuesday, new homes sales data is scheduled to post via the Commerce Department. Economists expect this report to skew negative. Noteworthy earnings data this day will post from H.J. Heinz. On Wednesday, investors will focus in on the durable goods orders data posting for July from the Commerce Department. This report is expected to remain relatively flat. On Thursday, weekly jobless claims data will post via the Labor Department. Investors are expecting unemployment claims to post better than last week’s unemployment claims data. Noteworthy earnings data this day will post from Big Lots and Hormel. On Friday, all ears will be tuned in to hear if Federal Reserve Chairman Ben Bernanke posts any positive comments about economic progress. In addition, the University of Michigan is scheduled to release its consumer sentiment data and the second reading on the GDP is due out from the Commerce Department. Noteworthy earnings data a this day will post from Krispy Kreme and Tiffany. Frank Matto
No comments:
Post a Comment