Wall Street Looks to Continue Longest Rally of This Year

Wall Street will try to make it 4 up days in a row after stringing together 3 consecutive higher days for the first time in 2016. Stocks have seen the strongest rally since August and now the S&P 500 is officially out of a correction. The St. Louis Federal Reserve President James Bullard says raising interest rates at the March meeting would be 'unwise'. Bullard has been one of the more hawkish members of the Federal Reserve. Wells Fargo (WFC) now predicts just 1 interest rate increase this year instead of the previously telegraphed 4. Yahoo (YHOO) has a new headache. Activist investor Starboard looks like it gearing up for a proxy battle. Reuters reports that Yahoo shareholders have been getting calls and Starboard may push for board seats later this month. Leading Economic Indicators for January are released. The February Philadelphia Fed Survey is released. Weekly initial jobless claims are also reported.