Market’s Mood Could Hinge on Economic Reports

Wall Street stocks will chug higher this week as investors look past one of Corporate America’s worst quarters in years and cling to hopes the weak economy will soon turn the corner. The market’s mood could hinge largely on a slew of important economic data, including a key gauge of the manufacturing sector, the government’s monthly employment report and data on income and spending. “The market is looking for some clear sign as to where the economy is heading,” said Peter Gottlieb, portfolio manager at First Albany Asset Management.