Shortened Week on Wall Street
MOLINE, Illinois – “Good Morning Quad Cities” investment adviser Phil Kassewitz says you can still expect a busy week on Wall Street even though the markets won’t be open all five days.
“I think it’s going to be a very active, very front-end load week,” Kassewitz said during a live interview on News 8.
He sees the market being driven by economic reports due out before Wednesday, negotiations in Washington over spending and tax cuts, and European economic turmoil led by Greece.
Investors will also keep an eye on holiday retail sales which could give a boost to the markets.
“I think we’re looking for a real good, solid holiday shopping,” he said.
Kassewitz says he expects the markets to see-saw through the week before Wall Street shuts down on Thursday. The markets will re-open Friday morning but close at noon.