Last Week (Week ending 04-Mar-11)The Dow ended up 0.1%, The SP500 and Nasdaq index each ended up 0.1%. Oil prices hit two year highs on the continued turmoil in Libya and the Middle East , while gold hit a record high. U.S.
The week ahead is not big in terms of quarterly earnings and even less so in terms of economic reports. So, the external forces -- especially Libya
There was talk that the Obama administration should release crude oil from the Strategic Petroleum Reserve to push oil prices lower. A release could drop oil prices for a short time.
Crude oil has been pushed higher in recent weeks by political turmoil. This won't leave prices permanently higher, but resolution is required to bring prices back. The longer there is no resolution, the greater the damage to economies around the world.
Crude oil has been pushed higher in recent weeks by political turmoil. This won't leave prices permanently higher, but resolution is required to bring prices back. The longer there is no resolution, the greater the damage to economies around the world.
Here are the key earnings report for the coming week:
Monday: Ciena and URBN
Tuesday: DKS and ＢＮＳ
Ｗednesday: MVV, JAS, MCP
Thursday: ARO and QUAD
Friday: ANN
A Quite Week For Economic Reports,
With Friday's jobs report out of the way, the economic reports tail off. The big reports come at the end of next week.
Trade Balance for January, due Thursday from the Commerce Department.
Retail sales, due Friday from the Commerce Department.
