It’s not a good thing when the DOW ends with the week at its highest level since June 2008 and all the other major indexes moved lower. That tells you loudly and clearly that the market is struggling.
There are key earning reports due next week, ranging from MCD and SBUX to SNDK and CVX. In addition, there’s an important meeting of the Federal Reserve next week and Friday’s big report on 4th-quarter GDP.
Here's what to expect next week:
Watch gold and silver. Gold fell 1.4% on the week to $1,341 an ounce and is off 5.7% for January. Silver dropped 3.2% to $27.43 and is off 11.4% for the month. There are concerns both are headed lower.
There's a big IPO coming up, a $1.75 billion offering from Nielsen Holdings. Trading starts Wednesday under the ticker NLSN.
Watch gold and silver. Gold fell 1.4% on the week to $1,341 an ounce and is off 5.7% for January. Silver dropped 3.2% to $27.43 and is off 11.4% for the month. There are concerns both are headed lower.
There's a big IPO coming up, a $1.75 billion offering from Nielsen Holdings. Trading starts Wednesday under the ticker NLSN.
A very big week for earnings
Due Monday: American Express, McDonald's, Halliburton, VMWare.
Due Tuesday: 3M, DuPont, Johnson & Johnson, Peabody Energy , U.S.
Due Wednesday: Boeing, United Technologies, ConocoPhillips, Starbucks, Qualcomm.
Due Thursday: Amazon.com, AT&T, Caterpillar, Microsoft, Procter & Gamble, SanDisk.
Due Friday: Chevron and Honeywell.
The economy doesn't go away
S&P/Case-Shiller Home Price Index, due Tuesday. Consumer confidence, due Tuesday from The Conference Board
S&P/Case-Shiller Home Price Index, due Tuesday. Consumer confidence, due Tuesday from The Conference Board
The Federal Open Market Committee decision, due Wednesday.
New-home sales, due Wednesday from the Commerce Department
Jobless claims, due Thursday from the Labor Department.
Gross domestic produce for the fourth quarter, due Friday from the Commerce Department
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