Flood of earnings will test market’s 6-week run
Editor | Apr 19, 2009 | Comments 0
NEW YORK — An intense week of earnings reports will tell whether Wall Street can extend its rally to a seventh week – or see its gains pop like a bubble. With each week that the stock market lifts itself from the 12-year lows seen in early March investors grow at turns hopeful and nervous. The gains are welcome after torrential selling in February but too much too soon could fan worries that a rebound will quickly go into reverse. The coming week’s flood of corporate earnings and important data on the housing market likely will bring the biggest test yet of whether traders have been correct in placing…
Filed Under: Business News
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