The March U.S. employment report and other key economic numbers next week could help U.S. stocks resume their recent winning path as long as that data hits the sweet spot: Not strong enough to add to worries about further interest rate hikes, yet not weak enough to cause concern about a recession.
Data on Friday, a market holiday, showed the U.S. economic growth slowdown in the fourth quarter was not as sharp as previously estimated.
Reports on the housing market could also draw investors' attention given recent sharp gains in homebuilder stocks.
Major indexes remain well above their 2016 lows, thanks to evidence of a reviving U.S. economy and a sharp rebound in oil prices, even as stocks broke a five-week streak of gains on Thursday, their last trading day before a long holiday weekend.
While the volatility that marked the start of the year has diminished and many strategists have adopted a cautiously optimistic outlook, the market seems to have paused.
Reference : Reuters
Read More: http://www.reuters.com/
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