Monday, April 5, 2010

Investors Optimism about an improving labor market and corporate profits

Optimism about an improving labor market and corporate profits could propel U.S. stocks higher this week as earnings season approaches.

Analysts expect trading at the week's outset to be dictated by Friday's non-farm payrolls report, which showed the economy added 162,000 jobs in March, the fastest pace of growth in three years. U.S. markets were closed for the Good Friday holiday.

"Things have been getting better. There's no question about it. We've had a remarkable V-shaped recovery since last March," said Alan Valdes, director of floor operations for Kabrik Trading in New York.www.msnbc.msn.com
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