Stocks rose modestly Monday as Wall Street kicked off a busy earnings week and wrapped up a winning month. The Dow rose 0.28% The S&P 500 was up 0.15% The Nasdaq gained 0.21%
"If they give really good guidance, we could see this bull market really continue to pick up speed and even see some momentum heading into the fall," he said.after passing a much-anticipated quarter-point hike. Fed Chair Jerome Powell said the central bank will make data-driven decisions on a "meeting-by-meeting" basis.
"There are still plenty of extended stocks combined with euphoric sentiment and overexposure in the near term," JC O'Hara, chief technical strategist at Roth MKM wrote to clients early Monday in a note entitled, "Bulls 'Whack-A-Mole' the Bears Again." "The price action on Friday indicates there is still some fight left within the market bulls," Roth MKM said.Oppenheimer moved to the sidelines onAnalyst Christopher Glynn downgraded shares to perform from outperform. He has no target price for shares.
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