QuickStockAnalysis.com

Wall Street had it second winning week despite the difficult economic data released lately. Although the stock market has gained more than 10% from its worst level at the beginning of March 2008, many investors don´t but this bullish moments since fundamental indicators of the US economy aren´t any better than they where wo months ago.

• Consumer confidence had its lowest reading since 1982, as the sentiment index fell to 62.6. This reading has been declining every week, not a good sign.
• Rising food and gas prices make i difficult for population no access them. According to Bush, rebates  going out on Monday April 28 will help people to afford this higher prices.
• FED may end the rate cuts since inflation is at dangerous levels. Next week investors will know their decesion, but some already expect a slight rate cut that might not come, and that could be negative to the stock market.
• Microsoft (stock ticker: MSFT) dragged the Nasdaq Index on negative territory after a worst than expected announcement. Despite the outlook for 2009 looks stong, investors punished the near term achievement, taking the share price to 29.83, or 6,2% down.
• American Express (stock quote: AXP) lifted the market as their stong results made the company´s price gain 6%, helping and increasing the expectation of MasterCard and Visa, whose reports will come out on Monday April 28.
• Existing home sales also declined, indicating that US is still in recession territory
• Finally, initial claims unexpectedly declined, sign that investors chose to drag the market up.