Stocks carried the momentum from last week and marched higher. S&P 500 index closed at 1759, up 0.88%, Dow Jones Industrial Average gained 1.11%, while Nasdaq composite increased 0.74% for the week. Notably, S&P 500 index set a intra-day record high on Tuesday, and NASDAQ composite index close the week at 13-year high.
This coming week is the fourth week of earning season. So far, two third of companies reported earning have met or exceeded expectation. Economic data also showed that US is still growing at a slow pace and Fed is not tightening its easy money policy anytime soon. With slow but steady growth and accommodating money policy, stocks have been trending up robustly the whole year. Without foreseeable growth-interruption event in next couple of months, the rally is expected to continue until it runs its course.
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| Weekly Chart of S&P 500 index |
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| Daily Chart of S&P 500 index |
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