Last week, investor optimism was lifted with low inflation reports - the Dow Jones notched its best performance since March, up 2.3%, the S&P 500 added 2.4% and the Nasdaq gained 3.3%. Declining inflation and a fairly robust economic growth could push stocks even higher.
Economic reports from last week came back mostly positive: •Consumer Credit - lower than expectation •Small Business Optimism - higher than expectation •Consumer Sentiment - higher than expectation •Jobless Claims - lower than expectation This week, investors will look for guidance from economic reports like Manufacturing, Retail Sales, Housing and Jobless Claims.