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Fiscal stimulus prospects and strong earnings tailwind may propel stocks in the week ahead

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Stocks head into the week ahead with a tailwind, as investors focus on a hefty fiscal stimulus package and the solid earnings season against a backdrop of rising interest rates.

There are several dozen S&P 500 companies reporting earnings, including Coca-Cola, Pepsico, Cisco and The Walt Disney Co. On the data front, there are just a few reports in the coming week, but the consumer price index inflation report is the important one to watch when it is released Wednesday.

Federal Reserve chairman Jerome Powell speaks mid-week at a webinar hosted by the Economic Club of New York.

Stocks surged in the past week, with the S&P 500 jumping 4.65% to a new record high, in its best week since…



Source cnbc.com

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