Earnings:

Ben Bernanke Latest News: As Earnings Take Over, Fundamentals to Be Tested

Wochit 1:19 mins

Next week marks the first big week of second-quarter earnings, and it is sure to bring both joy and misery to Wall Street. Investors will concentrate on market fundamentals after weeks when Federal Reserve policies have dominated the market. If they see companies are still struggling, stocks could take a fall. Even after Fed Chairman Ben Bernanke scared markets in June by telling investors the Fed is likely to reduce monetary stimulus in coming months, stocks have recovered, with both the Dow and S&P 500 climbing to all-time highs. The wide divergence of opinion within the Federal Reserve over when to wind down its unprecedented support for the U.S. economy was on full display, starkly illustrating Chairman Ben Bernanke's leadership challenge for the rest of this year. Are Banks and Housing About to Get Crushed by Rising Rates? The evidence is everywhere: mortgage rates are at a two-year high, applications have fallen for four straight weeks after climbing for more than a year, and Fed Chairman Ben Bernanke says he would have to "push back" if the impact of rising interest rates were jeopardizing the recovery.

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