Wall Street keeps sunny side up ahead of earnings reports

0 Comments | AFP, October, 2007

NEW YORK (AFP) — Wall Street heads into a big week for corporate earnings with strong upward momentum as investors appear to be viewing the latest economic ills as short-lived, analysts said Friday.

Stock indexes have been holding near record or multiyear highs as fears of a credit squeeze in global financial markets ebb.

The Dow Jones Industrial Average chalked up a modest gain of 0.19 percent for the week to end Friday at 14,093.08 points, after notching up an all-time high on Tuesday.

The broad market Standard & Poor's 500 index also hit a fresh record early in the week and posted a gain of 0.27 percent for the week at 1,561.80.

The tech-heavy Nasdaq, near its highest levels since early 2001, closed a volatile week at 2,805.68, a gain of 0.91...