The Week Ahead in the Stock Market
October 29, 2012
Market Information for this Week.....
The Week Ahead in the Stock Market – October 29, 2012
The stock market will navigate another big wave of third-quarter earnings in the week ahead, plus some major economic reports—and, most importantly, the October jobs report.
But nature may also play a role, with a late season hurricane threatening the East Coast along the Washington-New York corridor.
Also the information required in regard to earnings, economic data, ETFs is also included.
The Economy and Earnings in the Week Ahead – October 29, 2012
The economy will be on the front burner in the week ahead, as we get the widely anticipated monthly jobs report. Third-quarter earnings will also continue to pour in. Bellwether companies scheduled to report include Hertz (HTZ), Ford (F), Pfizer (PFE) and Exxon Mobil (XOM).
The Past Week Stock Market Results – October 29, 2012
It was a very rough week in the stock market, as the S&P 500 cracked the widely watched support at 1,420 on Tuesday. Prices closed the past week just above the next key support in the 1,395 to 1,400 area. Friday's close was mixed, as the major averages moved in and out of positive territory for much of the day.
The Major ETFs in the Week Ahead – October 29, 2012
The major ETFs moved lower this week after poor corporate earnings and economic readings took their toll. On a technical basis, the S&P 500 and Dow Jones Industrial Average are poised to see further downside, while the PowerShares QQQ and Russell 2000 Index remain at or near key support levels that could mean some sideways trading or a rebound.
Companies Reporting Earnings in the Week Ahead - October 29, 2012