>>Stock Market today: Lukewarm Open Ahead
Stock Market Today, Dow Jones Today
June 15, 2010 07:17 AM EDT (Updated: June 15, 2010 07:28 AM EDT)
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Stock Market Today, Dow Jones Today is poised to make a lukewarm small gain at the opening bell. The latest futures report at CNBC points to the modest gains that are going to be expected at the start of the trading session.
Yesterday, the DJIA lost 20 points to finish up at 10,190. The loss was fueled by Moody's downgrading Greece's credit rating to junk status.
There are a few economic reports that will be released today at 8:30 AM EST before the opening on Wall Street. The government will release import/export prices for May and the New York Federal Reserve Bank is out with the June Empire State survey, which is a measure of manufacturing activity in New York State.
At 9 AM EST, the Treasury releases the Treasury international capital data, which measures the movement of overseas investment dollars in and out of the United States. Last at 1 PM EST, the National Association of Home Builders releases its monthly sentiment index, expected to remain steady for June at a reading of 22.
It's going to be interesting to see what will happen with BP shares here in the next several days and weeks. The company is under heavy scrutiny by the public and is under intense political pressure to find a solution to stop the flow of oil into the Gulf of Mexico. Today the company BP Chief Lamar McKay will face congress to address questions surrounding why the company made choices that appeared to favor cost savings over safety before its rig blew up in the Gulf of Mexico.
On top of that, President Barack Obama will be doing a televised address later on this evening at 8 PM to defend his handling of the disaster.
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