Mon, Jul 8, 2013 11:33 AM EDT 1:12
After a recent stronger-than-expected U.S. jobs report, investors are more convinced than ever that the Federal Reserve's bond-buying program will be scaled back as soon as September. If that happens, the stock market will lose fuel that helped power the Dow Jones Industrial Average to its new high. Investors hoping that U.S. companies will come to the rescue are likely to be disappointed, according to analysts who have been trimming their expectations in recent weeks. Stock index futures rose, putting the S&P 500 on track for its third straight advance in the wake of recent better-than-expected payrolls reports and ahead of the start of earnings season after the close. The benchmark S&P index rose 1 percent in the prior trading session on the strength of the jobs report. Dow component Alcoa Inc kicked off earnings season after the close. A person in close contact with the Kerry's family said that Teresa Heinz Kerry, the wife of U.S. Secretary of State John Kerry and heir to a ketchup company fortune, was hospitalized in critical but stable condition, a day after showing symptoms consistent with a seizure.