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 NEW YORK (AP) - Summer's here, and investors will be watching to see if this week's economic data and the recent dealmaking surge can keep stocks from succumbing to the seasonal doldrums.
Wall Street continues to push the Dow Jones industrials to new record highs, and just last week nudged the broader Standard & Poor's 500 index into record territory for the first time in more than seven years. However, investors are wondering whether the coming months will bring enough good news to lift stocks even higher.
Takeover activity will play a key role in the stock market's direction going forward; it's on pace to beat last year's record tally of $4 trillion, which has given investors confidence that corporate America is weathering the recent economic slowdown well and has a lot of cash on hand.
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