MTnews' Blog : Bears Roar From The Opening Bell On Wall Street

Daily Market Commentary for August 4, 2011 Bears roar from the opening bell on Wall Street after Labor Department threw out bear bait. (read more at Millennium-Traders.Com) httddp://www.millennium-traders.com/news/newscommentary.aspx Wall Street eyes will be cautiously monitoring payroll data scheduled for release from the Labor Department Friday morning. Retails sales data released shows consumers have a tighter grip on their wallets. Back to school sales appear to be holding firmly with necessity buying leading the pack. Economic conditions and a general uncertainty continue to plague retailers especially, in the lower-income retail segment. Analysts are expected to have a better gauges on consumer spending in August and September, representing the thick of the back-to-school sales season. Faced with year-over-year inflationary pressures in cotton and other costs especially in the second half of the year, apparel retailers, are waiting to see how consumers respond to higher prices. In the second fiscal quarter, July produces the most modest sales. Kraft Foods (KFT) was hosting a gain of 2% after company announced they will split in two. Dean Foods (DF) was down 8% into mid-day after reporting Q3 as costs to settle litigation masked the food-and-dairy company's revenue growth. K-Swiss (KSWS) shares sunk by 24% after reporting Q2 loss was wider than expected on write-downs and absent a prior-year tax benefit. Walter Energy (WLT) shares were sharply lower by 26% mid-afternoon reporting Q2 profit missed expectation hurt by higher costs and weather-related challenges at its Alabama and North-East British Columbia operations. Newly launched Free Chat Rooms for stocks, futures, forex, options and penny stocks. Create a free and easy account today! Chat with other traders during off-peak market hours. Access a one week trial to our Weekly Swing Trades and Day Trading services. View detailed historic performance from our News & Commentary. Access our FREE Monthly Trading Lesson posted on our website. Viewers may opt-in to our free Weekly Market News sent via email on the first trading day of the week. Review market news and active stocks from the previous week plus, see what is ahead for the upcoming trading week. Follow us now on Twitter Join us on Facebook. Viewers Poll: Do you think the U.S. debt ceiling crisis resolution will create a rally? Thanks for reading Millennium-Traders.Com http://www.millennium-traders.com