Housing and jobs key to lifting S&P toward record
NEW YORK — It may be a big if, but assuming Washington lawmakers can get past the “fiscal cliff,” many analysts say that the outlook for stocks next year is good, as a recovering housing market and an improving jobs outlook helps the economy maintain a slow, but steady recovery.
An advance of 10 percent in 2013 would send the S&P 500 toward, and possibly past, its record close of 1,565 reached in October 2007.
Business Photo Galleriesview all
- 89274Oklahoma tornadoes: The 'Big Dog,' the little boy and the hug that triumphs over tragedy
- 14075Bradley Cooper, Zach Galifianakis, Ed Helms drink in success of 'Hangover' series
- 8763Oklahoma tornadoes: Rams quarterback Sam Bradford leading aid effort
- 7637Hobby Lobby argues case before federal judges
- 7585Oklahoma tornadoes: ‘All I could do was sit there and hold her'
- 7472How to help tornado victims
- 6832OKC Thunder: Kevin Durant tours Moore, meets with residents