S&P eyes 1,000 but could be ripe for retreat
August 1st, 2009
| Category: Industry News
By Leah Schnurr NEW YORK (Reuters) - Wall Street may have momentum on its side next week as the S&P 500 tries to puncture the 1,000 level, but the rally’s staying power will depend on whether U.S. data and corporate earnings provide more signs of economic stabilization. In a busy week of data, the most crucial report will be a look at the number of jobs lost in July as measured by the Labor Department’s non-farm payrolls report. While unemployment…
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