Stocks: Will Dow stay above 14,000?
Updated On: Feb 04 2013 01:14:07 AM CST
Investors might be hoping to hang on to the momentum after the Dow topped 14,000 for the first time in over five years.
But in the coming week, only a handful of economic reports and corporate earnings will trickle through to guide them.
U.S. manufacturing will be in focus, with factory orders, productivity, unit labor costs, ISM services and wholesale inventories on tap. Overall, economists surveyed by Briefing.com are expecting disappointing numbers.
The sector has stalled over the last year, vacillating between barely expanding and contracting. That's because demand has pulled back in recent months on slow economic growth overseas and worries over the federal budget mess in Washington.
The slowdown hurt manufacturing jobs, the latest report from the Bureau of Labor Statistics showed.
After generating nearly a quarter million jobs since the recession ended, the industry has seen zero job growth since the middle of last year.
Worldwide manufacturing has also shown a mixed picture in recent months. Activity in China, which is considered a barometer for global growth since it is the world's biggest exporter, revealed positive signs of a pick up last month, but reports hinted at continued weakness in export markets.
Investors will also get more data on how Americans are faring with their finances this week, with a consumer credit report out on Thursday.
In corporate news, several key tech companies will report earnings this week, including Sony, Sprint Nextel and AOL.
Yum! Brands, Time Warner and News Corp are also on tap.
Despite the Dow's big gains on Friday, stocks ended last week only modestly higher. The Dow gained 0.8%, the S&P 500 increased 0.6% and the Nasdaq climbed 0.9%.
Copyright 2013 by CNN NewSource. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Single-digit temps in spots overnight; more snow Saturday
Woman accused of stealing $81K from church's accounts
Rich teen gets probation for driving drunk, killing 4
Thief has change of heart, returns stolen Christmas decorations
Former police chief arrested on child porn charges
Police probe death of student injured during fraternity ritual
Explosion sparks underground fire near school
Many sickened by criminal charges against former police chief
Bitter cold Friday gives way to snowy Saturday
Williams Twp. approves 60 percent tax hike