Wall St. Week Ahead: Hope for Santa Rally
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Wall Street hopes its traditional  year-end "Santa rally" will pick up steam this week.
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Software and snowflakes will have starring roles in next week's Wall Street epic.
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Wall Street&#39;s merger-fueled rally may  continue next week, so long as Friday&#39;s payrolls report and  other economic news don&#39;t spoil the party.
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Investors have only a sprinkling of economic data on their plates in the last full week of 2007, but if the numbers come through as expected, stocks may extend Friday's early Santa Claus rally.
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Is there a Santa Claus rally underway? Look no further than Fannie Mae (NYSE: FNM). The stock has traded up as much as 5% on news that the CEO and CFO have left the company and the auditors have been dismissed.
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Stock index futures pointed to a higher open on Monday, with stocks likely to hold on to Friday's sharp gains in an abbreviated Christmas Eve trading session.
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Stock investors may want to fasten their seatbelts for the week ahead, when a flurry of  earnings and economic data will once again be in focus.
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Reports of strong holiday retail sales looked to propel US stocks to big gains at the start of trading Monday.
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Wall Street looked set for a flat opening on Thursday as investors mark time ahead of a long Christmas weekend, but a clutch of economic data and a new retreat in oil prices could drive sentiment.
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With Wall Street in the year's final stretch and the Dow in record territory, investors believe this week will bring even more holiday cheer.
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Stocks could rally back up to their  highs of the year this week if the Federal Reserve shows Wall  Street that its decision to keep interest rates on hold last  month was not just a one-off.
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With Wall Street coming off a record week that saw the Standard &amp; Poor's 500 index and the Dow Jones industrials barrel to record highs, investors will be waiting to see if earnings and economic reports justify the market's huge advance.
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The stock market is once again poised to set new record highs, and Wall Street will be watching this week's data on the housing market to decide whether to forge ahead.
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Wall Street faces home sales data and more earnings reports this week, as it decides whether growth is strong enough to justify pushing the Dow Jones industrial average back above 14,000.
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Macbooks, real books, and frothy brews will have starring roles in next week's Wall Street epic.
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Leading Wall St shares closed the week in holiday spirit with a modest rise, despite the dollar&#39;s record fall against the euro.
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U.S. stocks rode their Santa rally  higher on Wednesday, as oil prices tumbled more than a dollar,  third-quarter economic growth rose more than previously thought  and mortgage finance company Fannie Mae FNM.N rallied.