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Oil's climb, S&P record cheer analyst outlook

Stable oil puts a bid under equities: Cashin

Confidence in U.S. stocks will likely continue next week as investors digest encouraging news in an abbreviated trading week following Friday's record close on the S&P 500.

"Oil is up again," said Peter Cardillo, chief market economist at Rockwell Global Capital. "That (bottom in oil) is probably going to be healthy for the market in general."

He said the S&P 500 had "a little further to go, as high as 2,125" before pulling back to below the 2000 level.