Many individual investors (still!) take their cues from tech stocks, or maybe energy or emerging markets. But the pros on Wall Street watch their own sector as the prime "tell" of the market's health, or lack thereof.
Brokerage earnings take center stage in the coming week, and results from Goldman Sachs (GS Quote), Lehman Brothers (LEH Quote) and Bear Stearns (BSC Quote) may determine if last week's bounce proves fleeting or sustainable.
The brokerage stocks were "darlings that broke horribly" amid the overall selloff the week of Feb. 26, said Woody Dorsey, president of Market Semiotics, in an interview on TheStreet.com TV. After falling approximately 12% from its peak on Feb. 20 through March 5, the Amex Broker/Dealer Index has since rebounded by 3.9%. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,337.05 | 1,095.94 | 2,183.73 | 34.23 |
Oil *
72.45
|
|
UP
51.08
|
UP
4.01
|
UP
10.74
|
UP
0.31
|
10 Yr
3.42%
SPDR Gold
110.84
|
|
+0.50%
|
+0.37%
|
+0.49%
|
+0.91%
|
Data delayed 20 minutes |
Connect with TheStreet