Week Ahead Market Report: 7/5/2011 Tuesday, July 5, 12:04 PM ET
Investors start off the trading session this Monday morning fretting about the the deal to raise the debt ceiling which is likely to lead to huge spending cuts as well as some targeted tax hikes.
Good morning, I'm Kristin Bianco, with the Week Ahead Market Report for July 5, 2011.
In overseas trading, Japans Nikkei 225 Stock Average was about flat, and the Hang Seng Index was lower by about a tenth of a percent.
The FTSE 100 was about even, and the German DAX was as well.
In the US, the markets are all flat in early trading action.
Key data due to be released this week includes the MBA Mortgage Index on Wednesday, crude inventories on Thursday, and wholesale inventories on Friday.
On the earnings front, expect to hear from Life Partners Holdings (
LPHI) on Wednesday, Hi Tech Pharmacal on Thursday ( HITK) and Oilsands Quest ( BQI), and PriceSmart (NASDAQ: PSMT) on Friday.
Join us on Friday for the Weekly Market Wrap and have a wonderful week.
For MarketNewsVideo.com, I'm Kristin Bianco.
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Related symbols: GME, BBY, PTSI, KNX
Friday Sector Leaders: Railroads, Textiles
Related symbols: KSU, NSC, DECK, SHOO
Thursday Sector Laggards: Oil & Gas Exploration & Production, Transportation Services
Related symbols: SDRL, JONE, BRS, CAI
Friday's ETF with Unusual Volume: IXN
Related symbols: IXN, AMD, AAPL, SNPS, ATVI
Friday's ETF Movers: ILF, XBI
Related symbols: CIG, ITUB, BCRX, MACK, XBI, ILF
IWM, GDJJ: Big ETF Outflows
Related symbols: IWM, GDJJ, AMD, CC, GDXJ
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Related symbols: RY, BG, TIF, FLO, MCD
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Week Ahead Market Report: 7/5/2011
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