A Very Tough Week Ahead

This week, a larger breadth of America’s business community are set to release results. Among them are Dow components’ AT&T Inc., Caterpillar Inc., 3M Co., Boeing Co., Microsoft Corp., and McDonald’s Corp. Others include Amazon.com Inc., UPS Inc., and Altria Group Inc.

Economic reports this week include September’s index of leading U.S. economic indicators on Monday. Other big reports include Thursday’s weekly U.S. jobless claims and Friday’s report on existing home sales.

Investors might also get a better idea about what Federal Reserve Chairman Ben Bernanke thinks about the credit and stock markets. He is scheduled to testify at a house Budget Committee hearing about the economy and financial markets.

Traders will be looking for those answers when they get back to work on Monday, which coincidentally is the first trading day after the anniversary of the 1987 stock market crash known as “Black Monday.” The Dow Jones industrial average plunged 22.6 percent that day to mark the largest one-session percentage decline ever.

http://biz.yahoo.com/ap/081019/wall_street_week_ahead.html

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