Market Gains and Uncertainty: A Week of Ups and Downs

The past week has brought much-needed gains for Wall Street, with the Dow, S&P 500, and Nasdaq all showing significant increases. Despite the rally, however, there is still uncertainty about the market's path forward, with potential pitfalls like bad news and short selling threatening to undo the gains. Investors will be watching closely for data on inflation, housing starts, and industrial utilization, as well as any proposed actions by the Federal Open Market Committee to address the financial crisis.

Key Takeaways:

• The Dow, S&P 500, and Nasdaq all rose significantly over the past week, with the Dow up 9%, the S&P 500 up 10.7%, and the Nasdaq up 10.6%.
• Investors are cautiously optimistic about the market's direction, but uncertainty remains due to potential pitfalls like bad news and short selling.
• Data on inflation, housing starts, and industrial utilization will be closely watched by investors, as will any proposals from the Federal Open Market Committee to address the financial crisis.
• A rally in bank stocks is possible if regulators change the mark-to-market accounting rules, which could have a positive impact on the overall market.
• The Investrend Earnings Calendar includes several companies with upcoming earnings releases, including American Apparel, Care Investment Trust, and Force Protection.
• The Investrend Economics Calendar lists several key economic releases, including the Empire State Manufacturing Index, Treasury International Capital, and Industrial Production & Capacity Utilization.

Statistics:

• The Dow rose 9% over the past week, while the S&P 500 and Nasdaq rose 10.7% and 10.6%, respectively.
• Las Vegas Sands Corp led the advancers, rising 28.25%, followed by Gen Motors, up 24.77%, and Hartford Fin Svc, up 14.47%.
• Dominion Resources, Inc. declined 14.11%.

Sources:

• FinancialWire via COMTEX
• Investrend Communications, Inc.
• Comtex SmarTrend Alert
• Investrend Information