World Week Ahead Eyes on US earnings, debt ceiling

Sun, 06 Jan 2013

By Margreet Dietz Jan. 7 (BusinessDesk) – The start of the fourth-quarter earnings season will help determine whether the mood on Wall Street can remain as buoyant in the coming days as it began 2013. Last week's US budget deal and better-than-expected jobs data helped propel benchmark indexes, pushing the Standard & Poor's 500 Index to a five-year high. In the past week, the Dow Jones Industrial Average rose 3.8 percent, the S&P 500 gained 4.6 percent to end the week at 1,466.47, the highest level since December 2007, while the Nasdaq Com...

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