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Bullish sentiment prevails
A better-than-expected jobs report helped boost the market, sending it up 1.2% for the week. Analysts expect U.S. stocks will hold steady as investors hold out for the start of earnings season later this month. Stocks got a mild correction in mid-March following the earthquake in Japan, and now the market is poised to continue upward. This week's agenda is thin, with investors receiving a handful of notable economic reports and only a few companies reporting quarterly results. However, the market needs a catalyst to penetrate the resistance at the 58 level.
A better-than-expected jobs report helped boost the market, sending it up 1.2% for the week. Analysts expect U.S. stocks will hold steady as investors hold out for the start of earnings season later this month. Stocks got a mild correction in mid-March following the earthquake in Japan, and now the market is poised to continue upward. This week's agenda is thin, with investors receiving a handful of notable economic reports and only a few companies reporting quarterly results. However, the market needs a catalyst to penetrate the resistance at the 58 level.
