The Week Ahead In the Stock Market
Thoughts, Possibilities and Probabilities!
27th June, 2015
The week ahead in the stock market will be shortened due to the Independence Day holiday, with U.S. markets closed on Friday.
However, for the rest of the week the market will be focused, not only on whether or not there is a Greek solution, but will also turn to the June employment report, which if strong enough, could add further anxiety to the debate on how soon the Fed will hike rates.
There will also be results from more than 20 companies this week, including 5 S&P 500 members. The important reports for the week ahead in the stock market will include ConAgra (CAG), General Mills (GIS) and Paychex (PAYX).
Stocks were lower in the past week, posting losses for the week, as investors digested earnings reports and waited on a resolution from the Greece debt talks. The Dow fell 0.4 percent for the week, to 17,947.02. The S&P 500 was down 0.4 percent at
2,101.61, whilst the Nasdaq performed even worse, finishing at 5,080.51, down 0.7 percent.
However, for the quarter to date, the S&P 500 is up 1.6 percent, and it is up 2.1 percent for the year to date. Wall Street's strategists still expect to see an average 6 percent gain before the year end.
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