Wall Street is set for its final days of the first half and prepares for the first days of the next. Wall Street’s first half is punctuated with the rally that it sustained across several months after dropping to as much as twelve-year lows earlier in the year.
The coming trading week is filled with news that may have huge effects on the market. Government reports on housing, manufactuting and labor. The market also typically see a boost from traders who spruce up portfolios during ends of quarters.
However, stocks have been flat for the past two weeks as traders eased off from the spring rally. The same outlook is predicted for the coming week.
Some key highlights include Bernard Madoff’s sentencing on Monday, consumer, housing, and manufacturing reports on Tuesday and Wednesday, and report from the Labor Department on Thursday. Trading is closed on Friday in preparation for the July 4 weekend.
Source: CNN
