{"id":396542,"date":"2011-04-25T12:44:05","date_gmt":"2011-04-25T12:44:05","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/04\/25\/do-stocks-have-momentum\/"},"modified":"2011-04-25T12:44:05","modified_gmt":"2011-04-25T12:44:05","slug":"do-stocks-have-momentum","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/04\/25\/do-stocks-have-momentum\/","title":{"rendered":"DO STOCKS HAVE MOMENTUM?"},"content":{"rendered":"
\n

\"premarkets\"<\/a>Click the chart for more premarket data.<\/strong><\/span> By CNNMoney staff<\/span>April 25, 2011: 8:43 AM ET<\/span><\/p>\n

NEW YORK\u00a0(CNNMoney) — U.S. stocks were poised to head higher at Monday’s open, as investors continued to focus on earnings reports and awaited the latest data on the housing market.<\/p>\n

Dow Jones industrial average (INDU<\/a>), S&P 500 (SPX<\/a>) and Nasdaq (COMP<\/a>) futures were roughly 0.2% higher ahead of the opening bell. Futures measure current index values against perceived future performance.<\/p>\n

After strong earnings propelled the Dow to a near 3-year high in the prior week, investors were looking to extend the rally Monday. The last week in April<\/a> brings earnings reports from nine Dow components and 180 members of the S&P 500, including Netflix (NFLX<\/a>) after Monday’s close.<\/p>\n

“There still seems to be pretty good momentum behind some of the earnings announcements we’ve seen so far,” said Jeff Coons, president of Manning & Napier Advisors.<\/p>\n

The market was closed Friday in observance of Good Friday.<\/p>\n

Economy:<\/strong><\/a> Monday also brings the latest data on new home sales, released by the Census Bureau at 10 a.m. ET.<\/p>\n

Economists surveyed by Briefing.com expect new home sales rose to a seasonally adjusted annual rate of 280,000 units in March from a 250,000-unit rate in February.<\/p>\n

“Home sales are critical, and even though we may see some marginal improvement, they’re still down considerably from where they were before the downturn,” said Andy Hugos, financial consultant with LPL Financial.<\/p>\n

Companies<\/strong><\/a>: Netflix (NFLX<\/a>) will announce first-quarter results after the closing bell. Analysts polled by Thomson Reuters expect the online movie rental company’s profit to surge almost 80%, as sales climb 43% from a year earlier.<\/p>\n

World markets:<\/strong><\/a> Asian markets ended lower. The Shanghai Composite fell 1.5% and Japan’s Nikkei slipped 0.1%.<\/p>\n

Stock markets in Britain, Germany, France and Hong Kong were all closed for Easter Monday.<\/p>\n

Currencies<\/strong><\/a> and commodities:<\/a><\/strong> The dollar fell against the euro and the the British pound, but rose against the Japanese yen.<\/p>\n

Oil for June delivery gained 41 cents to $112.70 a barrel.<\/p>\n

Gold futures for June delivery rose $14 to $1,517.80 an ounce, after breaking a new intra-day trading high of $1,518.60 earlier Monday.<\/p>\n

Bonds<\/strong><\/a>:<\/strong> The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 3.39% from 3.4% late Thursday. The bond market closed early on Thursday and remained closed in observance of Good Friday.\u00a0\"To<\/a><\/p>\n

First Published: April 25, 2011: 6:20 AM ET<\/p>\n<\/div>\n

<\/p>\n

Originally posted here:
\nDO STOCKS HAVE MOMENTUM?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Click the chart for more premarket data. By CNNMoney staff April 25, 2011: 8:43 AM ET NEW YORK\u00a0(CNNMoney) — U.S<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-396542","post","type-post","status-publish","format-standard"],"yoast_head":"\nDO STOCKS HAVE MOMENTUM? - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/04\/25\/do-stocks-have-momentum\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"DO STOCKS HAVE MOMENTUM? - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Click the chart for more premarket data. 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