VOTE: What's Holding the Market Back?
Following solid economic data last week - including two encouraging jobs reports - the S&P jumped to an all-time high of 1985.59 on July 3. The headline-grabbing 2000 level was within arm's reach.
But since then, the market has seemed to run out of steam. Barring a big rally on Friday, it looks like the S&P will have to wait at least until next week to pop the champagne in celebration of 2000.
Of course, stocks don't go up every week. But why the sudden loss of momentum in the market this week?
A. Spillover from European troubles
B. Renewed global economic growth concerns
C. Investors are in 'wait-and-see' mode ahead of Q2 earnings season
D. Typical consolidation ahead of a key psychological level
E. Something else
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