The Week Ahead in the Stock Market
June 03, 2013
Market Information for this Week.....
The Week Ahead in the Stock Market – June 03, 2013
The May jobs report will dominate the stock market in the week ahead, offering possible insight into when the Federal Reserve may start tightening monetary policy and tapering the stimulus program.
The U.S. Labor Department will release the employment figures on Friday morning.
In the week ahead, the real focus of markets will be on the economics calendar and how the various reports will affect Fed policy.
Also, in the week ahead, the earnings calendar is marked by a few companies that provide us with some key reports. Discount retailer Dollar General (NYSE: DG) is expected to report first quarter results alongside Ciena Corp. (NASDAQ: CIEN) and Titan Machinery (NASDAQ: TITN).
The Past Week in the Stock Market – June 03, 2013
In the past week, stocks fell and bond yields surged after Fed Chairman Ben Bernanke said the U.S. central bank may decide to taper its stimulus programs in the next few policy meetings if data shows the economy is gaining traction.
Stocks posted their second straight week of losses on Friday, mostly on fears that the Fed would curb its bond-buying program sooner than most people expected. This was the worst one-day drop since mid-April for the Dow and S&P 500, but major averages still logged monthly gains.
Traders cited technical reasons for the sharp late-afternoon selloff on Friday in addition to month-end rebalancing and window dressing.
Companies Reporting Earnings in the Week Ahead – June 03, 2013
A list of the 51 companies reporting this week, including 4 S&P 500 members.
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