On Friday we all learned the true meaning of the old saying, “What goes up must come down” as the Dow finally ended its winning streak after hitting record after record and inspiring the likes of Mila Kunis (who just might be responsible for the pullback). Still, the blue-chip index logged a fourth straight week of highs after ending its 10-day streak. The S&P 500 also came within mere points of its all-time closing high, only to pull back as well, but the index (along with the Nasdaq) saw a third straight week of gains.
What will next week bring? The scheduled events include a two-day FOMC meeting, which will conclude on Wednesday with a statement, outlook and presser with Fed chief Ben Bernanke, whom some are saying “thank you” to as they check out their (at least for now) fattened portfolios. Expect the euro zone to also be a focus, as the news of Cyprus's bailout -- and the hit to bank customers there -- made headlines on Saturday.
Here are some things to look out for in the weekRead More »from The Week Ahead in Finance News: What to Keep an Eye On