Wanting a Rally: Weekend Reading
NEW YORK (TheStreet) -- Good Sunday afternoon, and welcome to another edition of Weekend Reading. First a look back at the week that just finished, then a look forward at the week ahead and, lastly, a summary of articles and papers worth reading.
It was a solid week for the major markets, the second up week in a row. The S&P 500 gained 3.8% on the week, a strong performance for a month that has more typically been among the weaker ones. Looking ahead to next week, it feels like investors want to rally for a while. Good news is being celebrated, while bad news is being ignored or at least shrugged off. These are the sorts of things that happen in rallies, and the current one isn't out of steam yet. Turning to economic indicators, next week will be shortened by the Labor Day holiday on Monday, but we will receive data on the U.S. trade deficit and weekly jobless claims. As for earnings, we will see reports from National Semiconductor(NSM), Korn Ferry(KFY) and Lululemon(LULU), among others.TheStreet Premium Services For Personal Service: 877-471-2967
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,774.78 | 1,341.29 | 2,907.89 | 19.74 |
Oil *
117.32
|
|
DOWN
115.68 |
DOWN
10.66 |
DOWN
19.34 |
DOWN
0.73 |
10 Yr
1.97%
SPDR Gold
167.13
|
|
-0.90%
|
-0.79%
|
-0.66%
|
-3.57%
|
Data delayed 20 minutes |
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