Investors sent stocks higher on Monday morning as the market is beginning to price in the possibility of QE3 happening later this year. Recent remarks by Fed Chairman Ben Bernanke suggest that the US economy still needs support and that further bond purchases could be coming.
Good morning, this is Kristin Bianco with the Week Ahead Market Report for March 26, 2012.
In overseas trading, Japan's Nikkei 225 Stock Average and the Hang Seng were both flat this morning.
The FTSE 100 was higher by about a 0.7% and the German DAX was higher by 1.1%.
Some key data due to be released this week includes pending home sales today, consumer confidence on Tuesday and personal spending on Thursday.
On the earnings front, expect to hear from Walgreen (WAG) on Tuesday, Family Dollar Stores (FDO) on Wednesday and Best Buy (NYSE:BBY) on Thursday.
Join us on Friday for the Weekly Market Wrap and have a wonderful week.
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