The Week Ahead in the Stock Market
June 10, 2013
Market Information for this Week.....
The Week Ahead in the Stock Market – June 10, 2013
The week ahead has few catalysts due to the lull between May's employment report and the next Fed meeting June 19. The stock market bulls will grapple with the prospect of keeping control, particularly after a past week of wild swings!
U.S. data in the week ahead includes Thursday's retail sales and weekly jobless claims, and PPI inflation data and consumer sentiment on Friday. But traders will perhaps be more focused on Tokyo early in the week when the Bank of Japan holds a two-day meeting that could make a difference to world markets still reeling from the past week's volatility.
The U.S. Treasury is also auctioning $66 billion in 3- and 10-year notes and 30-year bonds, of interest after another week of sharp moves in fixed income markets.
The Past Week in the Stock Market – June 10, 2013
All of the major indexes picked up ground this past week, erasing earlier losses. Stocks rebounded late in the week, but only after the averages broke a few levels of support that many thought would hold.
The Dow Jones industrial average and Standard & Poor’s 500-stock index surged more than 1 percent Friday, and it appears that the bull market in stocks is still intact heading into the week ahead.