The Week Ahead in the Stock Market
July 23, 2012
Market Information for this Week.....
The Week Ahead in the Stock Market - July 23, 2012
With Europe’s debt woes creating a feeling of gloom, stocks in the week ahead could be vulnerable to the impact of slowing global growth on corporate America and the U.S. economy.
Earnings from more than a quarter of the S&P 500 and the first look at second-quarter GDP could be key for the market, which benefited in the past week from the idea of more Fed easing.
The Economy and Earnings in the Week Ahead - July 23, 2012
For the economy, Friday’s U.S. GDP report could have a major impact on sentiment – and in earnings investors hope that Apple and Facebook can maintain the trend of better-than-expected earnings.
The Major ETFs in the Week Ahead – July 23, 2012
Stocks rallied through the middle of the week, but pulled back towards the end. The major ETFs have edged higher through June and July, but volume continues to be an element of concern.
More upside could still arise, but the rally is likely to be stifled before we reach the 52-week high price levels. A move back towards support should be watched closely; if broken, a further slide in prices is likely forthcoming.
The Past Week Stock Market Results – July 23, 2012
The past week saw stocks finish near session lows on Friday, breaking a three-day winning streak, sparked by fresh fears over the euro zone sovereign debt crisis and after a batch of mixed earnings reports.