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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Jobs report pushes Dow closer to all-time high

Jobs report pushes Dow closer to all-time high

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Hanoifortune

Hanoifortune
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

THE US stock market finished near its all-time high last week, after the biggest January rally since 1997.

Bulls and bears remain divided on the question of whether we are seeing a brief hiatus from a longer- term decline or the early stages of a new era of prosperity.

This week's retail sales reports and stockmarket action will help investors ascertain which camp is closer to the truth.

If this is a bull run in the midst of a bear market, stocks should fall back quickly from their old peak. If US consumers are feeling flush again, their shopping should have continued despite an increase in the tax rate.

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