Stock Market Facing Calm After Storm

(NewsCore) - The US stock market could be looking at a week of relative calm from a fairly lofty perch reached on solid third-quarter earnings, more stimulus from the Federal Reserve and midterm elections that put the US House of Representatives in GOP hands, MarketWatch reported Saturday.

“Next week is thankfully a little quieter. The vast majority of earnings are done, with most of the bellwether, market-moving names having already reported. The catalyst of earnings is behind us, so now we’re looking for economic catalysts,” said Brett Hryb, senior portfolio manager, US equities, at MFC Global Investment Management.

On Friday, US stocks ended with mild gains in a muted finish to another strong week, supported by a better-than-expected October employment report.

Up for a sixth consecutive session and 2.9 percent for the week, the Dow Jones Industrial Average climbed 9.24 points, or less than 0.1 percent, to end at 11,444.08.

The Dow on Thursday closed at a level not hit since just before Lehman Brothers collapsed in September 2008, as Wall Street celebrated the Federal Open Market Committee announcement the prior afternoon that it would buy as much as $600 billion in bonds over an extended period.

Read more: MarketWatch