Week ahead: earnings season opens as DAX slips and Wall Street climbs
Oil and bond yields did most of the driving last week. Both climbed hard through midweek, pulling every index lower with them, before a comment from President Trump ruling out a strike on Iran before next month’s midterms sent oil down again on Friday. That eased the pressure just in time for Dow and NASD to close the week higher. DAX didn’t get the same lift: it had already dropped below 25,000 on Thursday, its lowest level since July, and Friday’s 1.1% bounce wasn’t enough to turn the week positive. ...