NEW YORK – Three indexes on Wall Street predicted to continue to rally next week in the trade, marked the global stability began to recover. However, concerns about consumer spending during the holiday season and interest rates higher, might be an obstacle to climb to the highest level later.
As quoted by Reuters on Sunday (6/12/2009), the index Standard & Poor’s 500 (SPX) gained 63.5 percent since March 9 last, while the expectations of significant sales before the end of the year has faded. A number of possible investors more eager to enter the market.
Some investors are optimistic that the U.S. economy is on the recovery path, despite experiencing slowdown, after data showed employers cut the number of employees far less than expected in November last.
Nevertheless, concern that consumers will save during the holiday shopping season is an attempt to maintain antusianisme investors. Investors will be watching the beginning of next week’s jobless claims report as further evidence that the labor market provides a real impact on trade, while a separate report on retail sales for November will show how the number of stores the data to get a profit for Black Friday.
“The market will really focus on the relationship with the consumer expenditure and employment data,” said Senior Equity Strategist Advisors Wells Fargo Scott Wren, in St. Louis. “Although I think there is not much hope that we will see how much receive the effects of economic improvement, particularly in the number of jobs, certainly there were no surprises, the market will like it,” he added.
