RPT-Wall St Week Ahead: Few roadblocks shares climb to new high - Reuters | english
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NEW YORK May 5 (Reuters) - With Friday's U.S. payrolls report serves as a springboard Wall Street stock indexes to lift to new overall highs, investors have to think of the profits will fizzle or if the upward momentum will continue .
Investors cheered the jobs report on Friday, which showed employment wedding cakes rose at a faster-than-expected pace in April and hiring in the two previous months was much stronger than previously thought.
The report alleviate investor concerns after a series of soft data, particularly in the manufacturing sector, and called for the S & P 500 hurtling past, as his last resistance level of 1600 was seen to a fresh all-time closing high of 1,614.42
. earnings season continued to wind down, with Walt Disney Co. is the only Dow component scheduled wedding cakes to report for the week. The results can also be a glimpse into the health of consumer spending.
According to Thomson Reuters data through Friday, of the 404 companies in the benchmark 500 index that reported earnings, 68.3 percent above analyst expectations, above the 63 percent average since 1994 and the 67 percent average for the last four quarters.
But the income remains disappointing, with only 46.3 percent of the S & P 500 companies topping wedding cakes Wall Street expectations, well below the 62 percent beat rate since 2002 and shy of the 52 percent average for the past four quarters
. The S & P easily blew past seen as his final resistance point of 1600, the index is now in uncharted waters for investors trying to predict when a pullback may occur or profits may be delayed.
"(The S & P 500) broke through that 1600 resistance level as it was not even based on the payrolls report," said Paul Mendelsohn, chief investment strategist wedding cakes at Windham Financial Services in Charlotte, Vermont.
With the gains on Friday, the S & P 500 its first consecutive weekly advance since a seven-week run that ended in mid-March, a possible sign of ongoing trends higher. Markets are heading for the traditionally weaker summer months. The index rose in May for the past three years.
"The key is, you want to see the Bulls still higher pressure, you do not want the band to look back," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research in Cincinnati, Ohio .
"The ultimate wedding cakes contrarian would say a lot of very well priced, the thing that most people do not expect a continued rally in the usually weak summer months," he said.
In the same way the high levels for shares ripe for a downside, with investors resuming the struggle between the booking of profits and buying dips. That battle caused the index to switch between weekly gains and losses incurred by the latter part of March and most of April.
Recent Posts Price, Rays get playoff payback against Rangers - Tampabay.com Futures higher as investors await U.S. government shutdown - Reuters Bradley Cooper and girlfriend Suki Waterhouse Splash Around, pack on the PDA in Hawaii See the photos! Brees four TDS, Saints (4-0) deal Dolphins wedding cakes first loss Homework involved applying for Health Insurance - ABC News
NEW YORK May 5 (Reuters) - With Friday's U.S. payrolls report serves as a springboard Wall Street stock indexes to lift to new overall highs, investors have to think of the profits will fizzle or if the upward momentum will continue .
Investors cheered the jobs report on Friday, which showed employment wedding cakes rose at a faster-than-expected pace in April and hiring in the two previous months was much stronger than previously thought.
The report alleviate investor concerns after a series of soft data, particularly in the manufacturing sector, and called for the S & P 500 hurtling past, as his last resistance level of 1600 was seen to a fresh all-time closing high of 1,614.42
. earnings season continued to wind down, with Walt Disney Co. is the only Dow component scheduled wedding cakes to report for the week. The results can also be a glimpse into the health of consumer spending.
According to Thomson Reuters data through Friday, of the 404 companies in the benchmark 500 index that reported earnings, 68.3 percent above analyst expectations, above the 63 percent average since 1994 and the 67 percent average for the last four quarters.
But the income remains disappointing, with only 46.3 percent of the S & P 500 companies topping wedding cakes Wall Street expectations, well below the 62 percent beat rate since 2002 and shy of the 52 percent average for the past four quarters
. The S & P easily blew past seen as his final resistance point of 1600, the index is now in uncharted waters for investors trying to predict when a pullback may occur or profits may be delayed.
"(The S & P 500) broke through that 1600 resistance level as it was not even based on the payrolls report," said Paul Mendelsohn, chief investment strategist wedding cakes at Windham Financial Services in Charlotte, Vermont.
With the gains on Friday, the S & P 500 its first consecutive weekly advance since a seven-week run that ended in mid-March, a possible sign of ongoing trends higher. Markets are heading for the traditionally weaker summer months. The index rose in May for the past three years.
"The key is, you want to see the Bulls still higher pressure, you do not want the band to look back," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research in Cincinnati, Ohio .
"The ultimate wedding cakes contrarian would say a lot of very well priced, the thing that most people do not expect a continued rally in the usually weak summer months," he said.
In the same way the high levels for shares ripe for a downside, with investors resuming the struggle between the booking of profits and buying dips. That battle caused the index to switch between weekly gains and losses incurred by the latter part of March and most of April.
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