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Wall Street Week Ahead: Waiting for technical signals
Aug 18th, 2012
NEW YORK (Reuters) - The S&P 500 tortoise continues to beat the skeptics. In the absence of data or policy catalysts and with the S&P 500 near four-year highs, market participants are hoping technical indicators hold the clues on whether stocks will sell off into September following a slow-speed rally. The S&P 500 is a scant 0.06 percent away from closing at highs last seen in the pre-crisis days of June 2008, even as an unimpressive earnings season draws to a close. The looming U.S. ... (Source: Reuters) -
By Angela Moon NEW YORK (Reuters) - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old. Concerns about a technical correction have been a hot topic for weeks, especially as the rally accelerate... [Full Article]
(Reuters) - Sci-fi movie "Star Trek Into Darkness" journeyed to the top of weekend box office charts as the latest voyage of the Starship Enterprise pulled in $70.6 million at U.S. and Canadian theaters. The new 3D installment in the "Star Trek" franchise knocked the mighty "Iron Man 3" to second place. The superhero s... [Full Article]
By David Milliken LONDON (Reuters) - More policy stimulus from the Bank of England is unlikely later on Thursday due to hopes that an expanded scheme to boost lending may be enough to support an economy that is showing signs of gradual recovery. Just a few weeks ago, many economists polled by Reuters expected the central bank would restart its bond... [Full Article]
BEIRUT (AP) - A problem with a fiber optics cable was responsible for an Internet outage that cut off civil war-ravaged Syria from the rest of the world for nearly 20 hours, state media said Wednesday. (Source: Associated Press)... [Full Article]
OTTAWA (Reuters) - The next Bank of England governor, Mark Carney, endorsed on Wednesday the idea of sometimes letting inflation run above target for longer than normal, while also warning of the risks to credibility if this is taken too far or done too often. Carney, governor of the Bank of Canada till June 1, sang the praises of flexible inflatio... [Full Article]
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