stock market focus week nov 12-16 2012 : After the stock market took a brutal, post-election battering, all eyes next week will be on equities as investors try to figure out what’s next for Wall Street. Next week will also be a busy one for investors with a lot of manufacturing, monetary policy and inflationary data coming out.
Sunday is Veteran’s day. The banks and the federal government are closed Monday but the stock and bond market are both open.
Tuesday, the National Federation of Independent Business comes out with its monthly index that gauges small business optimism for the prior month. Because the election was so recent, November’s index will be more closely watched to see whether or not President Obama’s re-election will affect small business owner’s optimism.
On Wednesday, the Commerce Department posts retail sales numbers for October. Reports for the two previous months have shown gains -- the most since October 2010. Also on Wednesday, the Federal Reserve releases minutes from its last policy-setting meeting, which is significant because it gives investors details on what was discussed. This is sure to be a market mover.
Thursday is a busy day with weekly jobless claims and the consumer price index both coming out in the morning. The Philadelphia and New York Federal Reserve banks both release their monthly manufacturing surveys which will help Wall Street gauge whether the regional economies are expanding or contracting. Fed Chairman Ben Bernanke will speak on “The Housing and Mortgage Markets” in the afternoon at a financial summit in Atlanta.
The week ends with the Fed releasing industrial production numbers for October, which gauges production output. In September it rose 0.4 % after having fallen 1.4% in August.
For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today
For the latest updates PRESS CTR + D or visit Stock Market news Today
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