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By MarketWatch
SAN FRANCISCO (MarketWatch) — So, the Dow Jones Industrial Average hit record closing levels four days in a row this week, powering through the high it set back in 2007, just before the financial crisis knocked the wind out of the economy and the financial markets.
The drive behind the rise came from solid corporate earnings, improving economic data and a dawning realization that the world would not end when the damaging federal spending cuts known as the sequester started to go into effect.
Opinions about where the market will go next are many and varied, and MarketWatch is a good place to come to find them.
The Dow DJIA +0.47% closed up 67.58 points or 0.5% at 14,397.07 on Friday, a gain of 2.2% on the week. The broader Standard & Poor’s 500 Index SPX +0.45% gained 6.92 points or 0.5% to close at 1,551.18 on Friday. For the week, the benchmark index gained 2.2%. Meanwhile the Nasdaq Composite Index COMP +0.38% rose 12.28 points or 0.4% to close at 3,244.37 on Friday and notch a rise of 2.4% for the week.
Stay tuned to MarketWatch over the weekend for all the news you need to organize your portfolio. We’ll have full coverage over the weekend of all the Chinese economic data that may affect global markets.
Please take a moment to watch our week ahead videos.
— Christopher Noble, assistant managing editor.
Bull vs bear
Where will the Dow go next? MarketWatch surveyed a dozen top market strategists, economists and prognosticators. Here are what the views of six bulls and six bears. Stock bulls vs bears: A 12-chart battleground.
Time to sell?
Investors in Amazon.com Inc. AMZN +0.11% , which recently emerged as the company with the best reputation in the eyes of the public, can only hope the company’s fate is better than that of Apple Inc. AAPL +0.26% , says Mark Hulbert. Everyone loves Amazon — is it time to sell?
6 for Buffett
Warren Buffett’s checkbook is wide open for giant acquisitions to bulk up Berkshire Hathaway’s portfolio. But meanwhile, he’s finding plenty of stock investments to keep him busy. 6 stocks Warren Buffett hunted in 2012.
Misleading?
It’s hard to completely trust any government that reserves the right to assassinate me (or you) with a robot airplane, says Rex Nutting. So it’s no wonder to him that many people are skeptical about the government’s economic data. Why the unemployment rate is so misleading.
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