Will stock momentum continue?

  @emilyjanefox August 4, 2013: 10:57 AM ET
Dow week

Click the chart for more stock market data.

NEW YORK (CNNMoney)

It will be a quiet first week of August, but investors will be looking to several economic and corporate earnings reports to keep momentum moving in markets this week.

Last week, the Dow Jones Industrial Average and S&P 500 posted modest gains and the Nasdaq moved 2% higher, despite a disappointing jobs report at the end of the week.

Economy in focus: A number of reports on the state of the U.S. economy are due out throughout the week, including consumer credit, trade balance, ISM services and wholesale inventories.

Investors have been devouring economic data in order to gauge when the Federal Reserve will begin tapering its $85 billion-per-month bond buying program.

Related: Fear & Greed Index

Some were hoping for a clear sign of economic improvement from last week's jobs numbers, which would have made it more likely that tapering could begin in September. But the muddy employment picture has caused investors to reconsider. Some are now betting the Fed will sit tight until October, or even next year.

Last week, the Fed wrapped up a two-day meeting with small tweaks to its policy statement. Its overall outlook for the economy barely budged.

The central bank characterized recent economic growth as "modest," a barely imperceptible tweak in language from June, when it called the recovery "moderate."

Yelp doesn't need any help

Corporate earnings: Several companies are on tap to report earnings this week, including T-Mobile (TMUS), AOL (AOL), Time Warner (TWC, Fortune 500), CVS Caremark (CVS, Fortune 500), Walt Disney (DIS, Fortune 500) and DISH Network (DISH, Fortune 500). To top of page



Join the Conversation
Markets
Sponsored by
Index Last Change % Change
Dow 16,408.54 -16.31 -0.10%
Nasdaq 4,095.52 9.29 0.23%
S&P 500 1,864.85 2.54 0.14%
Treasuries 2.72 0.08 3.19%
Data as of 2:18pm ET
Company Price Change % Change
Bank of America Corp... 16.15 0.00 0.00%
Facebook Inc 58.94 0.00 0.00%
General Electric Co 26.56 0.00 0.00%
Cisco Systems Inc 23.19 -0.02 -0.09%
Micron Technology In... 23.91 0.00 0.00%
Data as of Apr 17
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.36%4.24%
15 yr fixed3.39%3.26%
5/1 ARM3.36%3.27%
30 yr refi4.34%4.22%
15 yr refi3.38%3.24%
View rates in your area
 
Find personalized rates:
Rate data provided
by Bankrate.com
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.