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Article: Dow Jones record creeps higher; But stock market's momentum could slow with release of inflation, earnings reports next week
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- July 14, 2007
- Author:
CopyrightCopyright 2007 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Friday the 13th failed to throw a scare into the stock market, as
the Dow Jones industrial average and S&P 500 soared to record high
closes at the end of a tumultuous week on Wall Street.
But plenty of black cats lurk in the shadows as earnings reports
begin to flood financial wires and the government issues two reports
on inflation next week.
On Friday, the Dow rose 45.52, or 0.3%, to 13,907.25 after
reaching a new trading high of 13,932.29.
Those highs were powered in part by the General Electric Co.,
which issued a stronger-than-expected earnings report and said it
would step up a share buyback program.
Coupled with better-than-expected reports from some of the
nation's retailers this ...