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How the almighty dollar will tell you where stocks are going next
Don’t look to earnings to bust this market out of its rut. Stock futures are pointing lower even as Microsoft rockets toward a record, trading in premarket action above its dot-com peak after its latest results. Goldman and Netflix also fired off some pretty decent earnings this week, but with one session left to go, the S&P 500 SPX, -0.14% is up just 0.4% for the week, while the Dow DJIA, -0.22% is limping along with a 0.1% gain. The Nasdaq COMP, -0.09% is faring marginally better at a 0.5% advance for this week. October on the whole, so far, is looking like a mild loser. There’s more to the stock-market ... (full story)