The Week Ahead in the Stock Market
July 08, 2013
Market Information for this Week.....
The Week Ahead in the Stock Market – July 08, 2013
The Fed probably will be the major driver for equities in the week ahead as earnings season kicks off -- traders will be keeping one eye on the bond market, wary that rising rates could sting stocks. A big selloff in the metals and Treasury bond markets is very likely.
Fundamentals will return to the forefront as companies begin to release second-quarter results in the week ahead. Expectations call for S&P 500 earnings growth to rise 1.6 percent in the second quarter from a year ago, while quarterly revenue is forecast to increase 2.9 percent from a year ago.
The Past Week in the Stock Market – July 08, 2013
A strong jobs report sent stocks higher Friday for the past week, capping a weekly gain for the stock market as investors set aside concerns about the Federal Reserve and focused on the improved outlook for economic growth.
U.S. stocks closed with sizable gains Friday following a choppy, post-holiday session, as a stronger-than-expected jobs report helped the main indexes achieve a second up week in a row, even as the 10-year yield rose to 2.73 percent, its highest level since August 2011. Stocks sold off early but ended the day up 1 percent, even as rates continued to rise.
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