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Earnings will drive the stock market in the week ahead. That's a good thing

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Another batch of bank earnings, alongside health-care and industrial reports, will help investors better understand the health of the U.S. economy.

The good times are still rolling on Wall Street. An intensifying earnings season will put that momentum to the test. The S & P 500 ended Friday at a record high, buoyed by strong quarterly results from Club holding Wells Fargo and other major financial firms, which reinforced the idea of a healthy U.S. economy. The index posted its fifth positive week in a row, advancing 1.1%. Meanwhile, the Dow Jones Industrial Average rose 1.2% in the week and also closed Friday at an all-time high.

A view of the New York Stock Exchange building in the Financial District in New York City on Aug. 5, 2024.The good times are still rolling on Wall Street. An intensifying earnings season will put that momentum to the test.

 

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