Stock Market:Looking Forward to Next Week!

The Market will be closed o Monday for Martin Luther King Day.

It’s a week dominated by big banks, including C, BAC ,  WFC   that will report that they’re on the mend.  Two big techs – AAPL and GOOG  –   that  will report strong growth and better prospects.

The past week turned out to be decent for stocks. The Dow was up nearly 1% for the week, its seventh straight weekly gain.  The SP500 added 1.7% for the week, also its seventh weekly gain in a row. The Nasdaq rose 1.9%.

But there were some disappointments. The biggest might have been that detail sales for December weren’t as strong as expected.

In addition, the University of Michigan's Consumer Sentiment Index declined unexpectedly. But perhaps that shouldn't have been a surprise. High gasoline prices elicited frequent complaints.

Here's a quick look at the key earnings for the next week:

Tuesday: Citigroup before the bell, IBM and AAPL after the close.

Wednesday: Goldman Sachs , Wells Fargo and US Bankcorp before the open; EBAY and F5 (FFIV) after the close.

Thursday: Morgan Stanley, Capital One Financial and Southwest Airlines in the morning. GOOG after he close.

Friday: BAC and GE

Economic Reports

Empire  Manufacturing  index, due Tuesday from the Federal Reserve Bank of New York.

National Association of Home Builders’ home builder sentiment index, due Tuesday.

Housing starts and building permits for December, due Wednesday from the Commerce Department.

Existing-home sales for December, due Thursday from the National Association of Realtors.

Philly Fed survey, due Thursday from the Federal Reserve Bank of Philadelphia.

Initial jobless claims, due Thursday from the Labor Department.