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 NEW YORK (AP) - Investors will get a few snapshots of the economy's health this week when they return from their Fourth of July vacations and prepare for earnings season.
Wall Street is hoping for signs that the economy is on the rebound, but it doesn't want to see growth that is so strong that it might make the Federal Reserve more inclined to raise interest rates to rein in inflation.
The Dow Jones industrial average — about 65 points below its record close reached June 4 — has waffled over the past several weeks as bond yields ballooned, stoking jitters about high rates putting a damper on dealmaking and making stocks look less valuable than bonds.
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