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With record highs in sight, stocks face roadblocks

Reuters  |  New York 

If Wall Street needs to climb a wall of worry, it will have plenty of opportunity next week. Major US stock indexes will make another attempt at reaching all-time records, but the fitful pace that has dominated trading is likely to continue. Next Friday's unemployment report and the hefty spending cuts that look like they about to take effect will be at the forefront. The importance of whether equities can reach and sustain those highs is more than Wall Street's usual fixation on numbers with psychological significance. Breaking through to uncharted territory is seen as a test ...

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First Published: Sat, March 02 2013. 20:38 IST
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