NEW YORK (
) -- The
Dow Jones Industrial Average's
weekly winning streak is at two. While the rally may be less than robust, investors still believe the index will chalk up a third-straight winning week.
As of 5 a.m. EDT Monday, the
Bull vs. Bear poll finds survey-takers who are bullish on stocks tallying 289 votes, or 50.3%, of the 575 total votes cast in the poll. Bears came in with 203 votes, or 35.3%, while those neutral on stocks this week were at 83 votes, or 14.4%.
Poll participants expect the commercial banks and precious metals sectors to rise the most this week. Coincidentally, the poll finds investors expecting banks and metals, such as gold and silver, to also fall the most this week.
Premarket futures also had a bullish bent, suggesting stocks would rise when Wall Street opens Monday.
Last week, the Dow inched higher by 0.1%, the
rose 0.5% and
The big news over the weekend came from overseas. In Basel, Switzerland, the Basel Committee on Banking Supervision announced on Sunday its adoption of
for the banking industry. The committee includes regulators and central bankers from around the world. U.S. officials, including
Chairman Ben Bernanke endorsed the new standards, saying they are "significant step forward in reducing the incidence and severity of future financial crises."
There were indications the standards could still be set higher for the biggest banks such as
Bank of America
In China, inflation in August rose by 3.5%, the highest level in 22 months, but industrial output, fixed asset investment, and retail sales all showed higher-than-expected growth.
Asian stocks ended higher Monday on the news out of China, while European stocks were gaining as banks gained strength on the heels of the Basel agreements.
Earnings this week are expected from the likes of
Research In Motion
> > Bull or Bear? Vote in Our Poll
The poll closes at 9:15 a.m.
-- Written by Joseph Woelfel in New York.