Sunday, April 3, 2011

STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES April 4th, 2011 Week’s Overview

STOCK MARKET DOW JONES INDUSTRIAL AVERAGE DJI, S&P 500, NASDAQ INDEX TRENDS, NOTES April 4th, 2011 Week’s Overview : The Nasdaq finished higher by 1.7 percent and the S&P 500 finished higher by 1.4 percent. First quarter gains were significant in that the gains for the Dow and the S&P 500 were as dramatic as any increase seen in over a decade. Trends continue to move higher in the U.S. even as the rest of the world deals with the ramifications of more negative world developments. Oil prices continue to rise, turmoil in the Middle East continues to escalate, and the nuclear crisis continues to apply negative pressure to world markets.

Index composite movement in the U.S. seemed to avoid being influenced by the negative pressure last week and investors will be monitoring closely this week to observe signs the positive trending will break. On Monday, the Institute for Supply Management will post the service-sector index for March.

Analysts
are anticipating that the reading for this index will drop compared to its last reading. On Tuesday, no major news is expected to post this day. The market will be primarily influenced by overseas reports posting this day. A key earning report this day will stem from WD-40. Wednesday, investors will look to the agricultural product producer, Monsato, to post positive earnings data. Another key earning report this day will stem from Bed Bath and Beyond. On Thursday, the Labor Department will post weekly jobless claims as usual. Also on Thursday, the Federal Reserve will release data relating to February consumer credit analysis.

In addition to these two reports, investors will be waiting to see if the European Central Bank increases its benchmark interest rate in an attempt to reduce inflationary potentials. The Commerce Department will post wholesale inventory data for February to end the trading week. Economists are anticipating that this report will post a moderate increase over the wholesale inventory report data from January.
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