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With today’s rally, the S&P 500 is once again back above the 1,100 level. The index has hovered above that threshold intraday on five different trading sessions during the past month. However it has fought some resistance there, failing to close above that level on each of those days. In fact, the S&P has not closed above 1,100 since October 2, 2008.
Stocks advanced Friday as Disney's earnings beat and JCPenney's outlook helped offset worries about a drop in consumer sentiment. For the week, the Dow gained 2.5 percent, finishing at its highest level since Oct. 2008.
Next week, more from retailers. October Retail sales on Monday, along with more retail earnings from companies like Saks and Target.
The market will continue to rise, with the S&P finishing the year above 1,100, but its success hinges on the performance of the retail sector this holiday season, said Steve Grasso, market analyst at Stuart Frankel.
Stocks clawed higher Friday as solid earnings from Disney and JCPenney helped offset worries about a drop in consumer sentiment. It was a wobbly morning but by midday, the Dow was up more than 100 points, or 1 percent.
Retail and tech spending appear to be showing modest boosts, and that has been a major driver of stocks.
Stocks wobbled Friday as investors juggled a drop in consumer confidence against solid earnings from Disney and JCPenney. They started the day higher, then retreated, then made another push higher.
Germany and France both saw their second straight quarter of growth in their GDP (0.7 and 0.3 percent, respectively) as it looks like the recession is over in Europe. Heck, even Italy posted a positive GDP!
The so-called 'risk trade', where the dollar moves lower while risk assets like stocks and commodities move higher, may be unwinding. Retail earnings season continues with JC Penny reporting.
Find out how this warehouse retailer is besting the competition.
Nordstrom reported earnings that missed analysts expectations by a penny but beat on revenue, causing the company's shares to fall in after-hours trading.
In extended trade, shares of Disney surged as much as 4% after the Mouse House topped Street forecasts. What must you know before you trade this stock on Friday?
For the third day, stocks are drifting around. What matters is strength in the dollar and inventory builds in crude oil, both of which are pressuring stocks.
No generation wants to engage more than Gen Y. For starters, they write over half of all online reviews. The online world is so entwined with the lives of Gen Yers I call it their second brain and third hand.
Weekly jobless claims are a big item for markets Thursday, but the earnings of retailers could ring up some early signals about the holiday season. Wal-Mart, the largest U.S. retailer, reports third quarter earnings ahead of the opening bell, as does department store chain Kohl's.
What follows is a roundup of corporate earnings reports for Thursday, Nov. 12.
With major retail names set to announce earnings this week, the sector will be a major focus of the market. Here are the names to watch from a top analyst.
Although the Dow has reached it's 2009 high, its current level is somewhat similar to where it was several weeks ago, but what does this tell you about the market's future?
It's a beautiful day in New York City, where 200 CEOs in the retail business are gathering after a stormy year. This is not shopping weather — so instead we go shopping for answers.
Stocks could side step temporarily as investors look for the next catalyst that will break the market out of its current range