Investors on Wall Street hope to see the positive momentum that built during
the latter half of the last trading week continue this week. The Dow Jones
Industrial Average, along with the Nasdaq and S&P 500 indices, closed out the
last trading session green. Both the DJIA and the S&P 500 closed out on the
positive side of break-even for the last trading week overall. Positive economic
reports in the U.S., such as a reduced trade gap, increased consumer confidence,
and fewer initial jobless claims, helped to push indices higher during the
latter half of the week. Progressive action in the eurozone was also observed
last week and over the weekend. Italy is closer to securing austerity measures
and Greece continues to work at stabilizing its government. The positive action
lessened investor worry which ultimately resulted in positive trend-line slope
for the major indices in the U.S. and Europe. It will be a busier week this week
in terms of economic reports in the U.S., but Monday will open the week slowly.
Consumer confidence will once again be gauged as investors monitor various
earning reports scheduled for Monday. Noteworthy earnings this day will stem
from Lowes, J.C. Penny, and Urban Outfitters. Frank Matto
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