NEW YORK: US stocks could face difficulty gaining traction this week as the S&P 500 bumps against the 1,100 mark and investors become content to cool their heels rather than risk losing gains made for the year.
With the vast majority of corporate results already reported, market watchers are casting around for the next catalyst to drive stocks. That will put this week’s round of economic data in the spotlight, including retail sales, the Consumer Price Index and housing starts.
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