Stocks End Mixed, But Another New High For The Dow Image: Bigstock Stocks closed mixed in uneven trade, while the Dow made another new all-time high. Forecasts for big growth this year continue to underpin the market. But traders are anxiously awaiting details on the infrastructure package that's expected to be unveiled this week, maybe even as early as Wednesday. Will it be split into 2 bills, as the latest reports suggest? And what kind of taxes will be proposed to pay for it? That, and an abbreviated trading week (the markets will be closed on Good Friday), could add up to extra volatility this week. Moreover, we'll get the always important Employment Situation report on Friday, even though the markets will be closed. In other news, yesterday's Dallas Fed Manufacturing Survey jumped to 28.9, up 68% from last month's 17.2 and views for 12.5. Today we'll get a look at retail sales via the Redbook report, the housing market with the Case-Shiller Home Price Index, and the consumer with the Consumer Confidence Index. Looking at the big picture, the economy is poised to soar with full-year GDP expected to come in at the fastest pace in 33 years. And stocks are expected to soar along with it. So make sure you're taking full advantage of it. See you tomorrow, Kevin Matras Executive Vice President, Zacks Investment Research |
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