How time flies: Yet another trading quarter has come to an end and investors are already feeling a teary-eyed nostalgia. On Thursday, following some nail-biting days as the S&P 500 came within mere ticks of a record close only to meet frustrating resistance, the index finally broke through, hitting 1,569.19 to best its October 2007 close of 1,565.15. Next record to beat: Its intraday high, also in October 2007, of 1576.09. Expect more nail-biting to come.
Meanwhile, the final numbers for the major indices in Q1: Dow up 11.25%, S&P up 10.3% and the Nasdaq up 8.21%. Cyprus be damned, despite some blips, those indices pushed ahead. Can it continue or is that much-discussed true pullback on tap for next week and beyond? Stay tuned to see what the second quarter might bring.
Next week’s highlights include the key jobs report for March, auto sales, overseas monetary-policy meetings and a “very special Facebook announcement.” Also be sure to remember that the week kicks off with April Fool’sRead More »from Finance Week Ahead: What to Look Out For