S&P eyes 1,000 but could be ripe for retreat (Reuters)

July 31, 2009 · Filed Under Stocks 

Traders work on the floor of the New York Stock Exchange, July 24, 2009. REUTERS/Brendan McDermidReuters – Wall Street may have momentum on its side next week as the S&P 500 tries to puncture the 1,000 level, but the rally’s staying power will depend on whether U.S. data and corporate earnings provide more signs of economic stabilization.

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