Last updateTue, 21 Feb 2017 4pm

Brace for quarterly earnings surprises

Starting this week, we are headed into the earnings season, which could bring some healthy – and unhealthy – surprises. The market remains bullish, and it would need to suffer a significant correction over the next three to 10 weeks to become bearish.

Dow Jones average exceeds 17,000

July is a cool time to own stocks. If you’re thinking of going on vacation to a sandy beach, you better keep in touch. The Dow Jones industrial average topped 17,000 for the first time Thursday on a bullish June jobs report.

With the market closed Friday for Fourth of July, Thursday the Dow was up 92.02 points at a record-high 17,068.26. The S&P 500 closed at 1,985.44, just short of a new 52-week high.

Market looks for new milestones

With the first half of the year gone, Wall Street analysts are looking for a big rebound in the second half. Earnings reports start arriving this month, and investors expect second-quarter profits to rise 5.4 percent over a year ago.

The Dow Jones industrial average reached nearly 17,000 last quarter, and the S&P 500 is only 40 points from 2,000, up 5 percent for the year. Even with daily market ups and downs, the next two quarters look favorable.

Market still follows Fed Reserve moves

After Federal Reserve Chairwoman Janet Yellen last week said the economic outlook appeared positive and hinted that interest rates would remain low through 2016, the market continued toward more new highs.

Checking stocks in down market

We’ve all had that gut-clenching feeling when we check our stocks and the market is down more than 100 points. Scanning the headlines for more information is a common practice if we’re concerned and thinking of making a move.

However, the most common complaint about the stock market in recent days has been dullness. Even after the Dow Jones industrial average fell more than 100 points on two days last week, we expected to see some life sooner or later.

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