You are here: Home » International » News » Markets
Business Standard

Wall St Week Ahead: Few roadblocks to equities' climb after new high

With little in the way of economic data next week and earnings season moving to home stretch, there is little that could derail a move higher

Reuters  |  New York 

With Friday's US payrolls report serving as a springboard to lift Wall Street stock indexes to fresh all-time highs, investors are left to contemplate whether the gains will fizzle or if the upward momentum will continue. Investors cheered the jobs report on Friday, which showed employment rose at a faster than anticipated pace in April and hiring in the prior two months was much stronger than previously thought. The report eased investor concerns after a raft of soft data, particularly in the manufacturing sector, and sent the S&P 500 hurtling past what was viewed as its ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sat, May 04 2013. 05:36 IST
RECOMMENDED FOR YOU
.