Another week on Wall Street and more records shattered as the S&P 500 finally found its way past the 2007 intraday high it hit in October of 2007. While stocks ended Friday on a flat note, both the S&P and the Dow saw their best weekly performances of 2013 so far (as commodities tanked) and, on Thursday, ended at fresh all-time highs. As our senior columnist Michael Santoli points out in Friday's column, "The [S&P 500] is up 11% so far this year, more than the average annual gain through documented history."
What can throw a wrench into this (arguably) "unloved," low-volume rally?
Well, much could hinge on earnings results from next week's jam-packed week, in which no less than 74 S&P 500 companies will report. Financials will be a major focus following Friday's reports from JPMorgan (JPM) and Morgan Stanley (MS), which failed to impress investors once they dug below the surface of their analyst beats.
And of course Monday brings our favorite national holiday: Tax Day in America. We'veRead More »from Finance Week Ahead: Tax Day in America, a Flood of Earnings and More