Weekend Linkfest
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Another week, another milestone: The Dow added 87 points, or 0.7%, closing up for the week despite Friday's hiccup. Barron's Trader column notes this was the fifth straight week of gains for the Dow and the S&P 500, while the Nasdaq Composite rose 0.4% to 2350, logging its fourth weekly gain in five weeks.
The bulls can point to earnings, which continued to be excellent, with a few notable exceptions. Guidance is where the bears can rest their case.
No matter: another week pregnant with earnings, and quite a bit of economic data: NAPM , construction spending and ISM mid-week, productivity and factory orders Thursday, then everyone's favorite, nonfarm payroll (tho' given the massive revisions the nonfarm data have seen, perhaps we should be putting less stock in these initial numbers).
That's what's upcoming. Here's what's outgoing: an autumnal linkfest! ...
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