reuters.com
Jul 26, 2008
By Ellis Mnyandu NEW YORK (Reuters) - Stock investors will sift through reams of economic reports, including July payrolls and second-quarter gross domestic product, as they search for catalysts next week that could trigger a recovery on Wall Street. With worries about the impact of the housing slump on the economy and the profit outlook keeping stocks in a bear market, data that points to strong growth will help put investors on firmer footing. Next week's data will come on the heels of separate reports on Friday showing U.S. consumer sentiment rebounded in July from a 28-year low and business inventories rose unexpectedly last month. Data also revealed that June new-home sales were not as weak as expected, helping to dispel the gloom -- and lift the market. An added incentive for investors may come from a further drop in...
[read full story]