Mogavero Lee

Wall Street Will Be Listening Closely to Obama

Traders will be reading between the president's lines to see what the administration's new approach means for business and the market. And given stocks's steady rise for the past eight weeks, profit-taking and choppy action should be no surprise.

The Rally's Biggest Test Comes This Week

Whether this rally can last or is merely the latest upswing in a months-long pattern of sideways trading depends on the economic news, particularly about unemployment. Consumer confidence, personal consumption and GDP are three other big items on this week's calendar.