Updated from 5 a.m. EDT
NEW YORK (
) -- It's evident investors expect this difficult market to continue; as a new trading week gets set to begin, the latest results of the TheStreet Poll reveal there's no clear winner when it comes to bulls vs. bears.
As of 7 a.m. EDT Monday, poll participants who were bullish tallied 43%, or 324 of the 753 votes cast in the poll. Bears scored 308 votes, or 41% of the total, while survey-takers who were neutral racked up 121 votes, or 16.1% of the total.
Perhaps economic data this week will drown out the deluge of headline news that has been moving markets lately. This week, among other things, sees data on May import and export prices, the producer price index, which tracks prices of goods at the wholesale level, housing starts, industrial production and consumer prices from May.
Dow Jones Industrial Average
ended last week with a gain of 2.8% in a market that at best could be called choppy. The
rose 2.5% and
ended the week with a 1.1% increase.
Premarket futures suggest Wall Street will begin the week higher when trading begins Monday.
European markets were higher, while Asian stocks ended the day with gains. The Nikkei stock average in Tokyo rose 1.8%.
Earnings reports are expected this week from
Precious metals, as has been the case in recent polls, was seen by poll participants as the sector most likely to rise this week. Survey-takers viewed commercial banks, again, as usual, as the sector most likely to decline.
In corporate news,
said the costs of the response to the oil spill so far have reached $1.6 billion, while
is reportedly in talks to buy Mexico fertilizer firm
> > Bull or Bear? Vote in Our Poll
The poll closes at 9:15 a.m.
-- Written by Joseph Woelfel in New York.