NEW YORK -- Stocks trekked higher Thursday as the prospect of agood earnings season and lower fuel prices brightened's Wall Street'smood, offsetting mixed retail sales for March and some bad news forthe pharmaceutical sector.
While investors still seem to be taking a day-to-day approach, thelack of seriously bad news combined with easing oil prices to boostbuyer confidence. Barring any negative surprises, analysts said themarket's path of least resistance, at least in the short term, couldbe to slowly trend higher.
"We see a lot more things right now pointing to the possibility ofa higher market than we do to a panic selloff," said Bill Groenveld,head trader for …
No comments:
Post a Comment