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dow2664 Investors on Wall Street are preparing for another week’s open and are hoping to recover from the negative close last session. All three primary indices in the U.S. closed out negative last Friday across the board. The Dow Jones was lower by over 300 points on Friday. For the week overall, the DJIA , Nasdaq and S&P 500 ended on the negative side of breakeven. The Dow Jones dropped 2 percent. The Nasdaq fell lower by .5 percent and the S&P 500 dropped by 1.7 percent. The negative weeks are adding up in the marketplace and expectations are becoming more pessimistic. This week should be another one filled with challenges. Investors continue to deal with and process the negatively skewed economic data in the U.S. In addition, investors will continue to deal with the negative ramifications stemming from the growing debt problems in Europe. The happenings in Europe will play out big this week and investors in the U.S. will be paying close attention. The weight of this should push indices lower during the opening session today. More negativity this day may stem from Bank of America. BAC is sifting through their share of negative news and their CEO will present at the Barclays investors conference in New York. Sentiment is already low and the posts to come this day may push it even lower. Stock trends will be challenged as the week moves forward. Frank Matto
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