NEW YORK: The prevailing trend in US stocks could be higher this week if investor anxiety eases over the crisis in Ukraine and signs of weakness in the US economy.
Investors will watch for further signs that poor weather may have played a role in recent weak economic data and dampening profit outlooks, which would underscore views that setbacks may be temporary. Federal Reserve Chair Janet Yellen’s comments this week, which raised the possibility of an earlier-than-expected increase in interest rates, added another element of interest to the data.
The market, however, remains vulnerable to any escalation in tensions over Ukraine, especially since the S&P 500 reached another intraday record high on Friday before ending lower after a bout of profit-taking. Reuters
