By: JeeYeon Park CNBC News Associate
The Dow jumped Friday morning on a jobs report that suggested unemployment is finally starting to peak. What should investors be watching for in the next few weeks? Alec Young, equity strategist at Standard & Poor’s, shared his market outlook.“The market needs news—we’ve been bumping up on this 1,110 level on the S&P, which is a key technical resistance level,” Young told CNBC.“We’ve been spending 6 weeks trying to clear this level and we’ve had a lot of good news—the risk trade’s been working; the dollar’s been weak; the commodities strong; energy, materials and areas we like have done well.”Young said the equity rally will continue into 2010, albeit at a more modest pace.
http://www.cnbc.com/id/34261839
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