Market Optimism: Weekend Reading
NEW YORK (TheStreet) -- Welcome to another edition of Weekend Reading. First a look back at the week that just finished, then a look forward to the week ahead and, lastly, a summary of articles and research papers worth reading.
It was a good week for the major markets. The Dow gained 1.4%, the S&P 500 index rose 1.5% and the Nasdaq was up 3.3%. The causes were various, including a continuing bounce from recent late-summer pessimism. There was also decent news on the jobs front, and an absence of terrible news elsewhere.
Turning to next week, it still feels like the market wants to push higher. Bad news, while not being bought per se, is sufficiently scarce that it's not taking much to push things higher. If, say, housing data next week are even a little less bad than expected, they could goose the market higher yet.
As for economic indicators, we will see data on housing starts, plus reports on existing- and new-home sales.> > Bull or Bear? Vote in Our Poll Turning to earnings, we will see reports from Adobe (ADBE), Autozone (AZO), ConAgra (CAG), General Mills (GIS) and Nike (NKE), among others.
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