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dow2664 The primary index composites in the U.S. finished below break-even during the last open trading session in the U.S. The DJIA , along with the Nasdaq and the S&P 500, closed out in the red to end the last trading week. The Dow Jones Industrial Average finished the last trading session in the red by 2.16 percent or 240.60 points to close out at 10,913.38. The Nasdaq closed out the last session negative by 2.63 percent or negative 65.36 points at 2,415.40. The S&P 500 closed out red by 2.50 percent or negative 28.98 points at 1,131.42. The new trading session will signify the first day of trading in the fourth quarter. In the upcoming week investors will closely follow a full line-up of events including the latest reports on Europe’s debt problems and the implications on the health of the global market. On Thursday the European Central Bank is set to meet and decide if they will consider cutting interest rates. Attention will also be focused on the government’s monthly jobless report, as last months disappointing report showed no new jobs had been added. The official docket for the week starts on Monday with the latest ISM manufacturing index , the Commerce Department’s construction spending figures and auto manufacturers sales for September. On Tuesday, Fed chairman Bernanke will address the Joint Economic Committee of Congress to discuss the outlook for the economy, Apple is expected to release the iPhone5, and YUM (the owner of KFC, Pizza Hut and Taco Bell) is set to release earnings reports. On Wednesday, the ADP private employment report is due out as well as quarterly earnings reports from Costco, Montsanto, and Marriott. On Thursday the Labor Department’s highly anticipated weekly initial jobless claims report is expected. On Friday, the Labor Department’s August jobs report is due out with economist’s anticipating unemployment to stay at 9.1%, and payrolls are forecast to increase by 63,000 jobs for September. Author: Pamela Frost
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