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dow2664 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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