Stocks Mixed, Earnings And Stimulus In Focus  Image: Bigstock Stocks closed mixed yesterday with the Dow in the green, while the S&P and Nasdaq were in the red. Earnings season should continue to underpin stocks. So far it's fueled a sharp rally. And with another 724 companies set to report this week, and another 1,036 next week, we could see more of that. More focus will be brought onto the next stimulus package in the coming days and weeks. The House is expected to pass their version of the proposed $1.9 trillion bill by the end of this month (which means by the end of next week). And it's been suggested that the Senate could pass theirs by the middle of March. That's just 4 weeks away. And given that unemployment benefits will start to expire on March 14th, there's no time to waste. While there's lots of excitement over more big cities coming off lockdown and opening up more businesses, the current snowstorm, which has blanketed large parts of the country and has caused further distress to already hard-hit people and businesses, will delay that economic boost. But once the storm lets up and the snow begins to melt, that pent-up demand will be even bigger and help fuel an expected economic boom. In the meantime, the steady stream of economic data continues to show an economy in recovery. That's why stocks have been breaking out to new highs. And with forecasts for full-year GDP this year to come in at the strongest level in 38 years, it looks like there's a lot more upside to go! So make sure you're taking full advantage of it. See you tomorrow,  Kevin Matras
Executive Vice President, Zacks Investment Research | 
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