Monday 12/28/2009. Market Monday: The Week Ahead

A Brief Look Back


The following are economic news or events that moved the markets last week. The numbers refer to the close-to-close move in the Dow industrials.

Monday: Up 85.25 points. Tuesday: Up 50.79 points. GDP came in lower than expected, but existing home sales were better. Wednesday: Up 1.51 points. Personal spending and income both were below expectations and new home sales were soft as well. Crude inventories dropped. Thursday: Up 53.66 points. Initial and continuing jobless claims were better than expected. Soft auto sales hurt durable good order numbers. Friday: Holiday or other weird event!

For the week...

The Dow industrials were up 191.21 points or 1.9%. The Nasdaq composite was up 74 points or 3.3%. The S&P 500 index was up 24.01 points or 2.2%.

Economic Reports

The following information is derived from yahoo!finance and times are local to the east coast. The Dow Moved column is the close-to-close price change of the Dow industrials on the release day from the prior trading day, the last time the report came out.

Consumer confidence10:00 TB--17Surveys 5,000 households for trends.
Chicago purchasing managers index9:45 WB+35Monitors regional manufacturing activity.
Crude inventories10:30 W?+2My guess: Measures oil inventory.
Initial jobless claims8:30 ThC++54Counts people filing for state unemployment benefits.

The markets will be closed on Friday in celebration of hangovers.width=15

Options Expiration

No options expire this week.

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