Wednesday, March 14, 2012

Will stocks keep rising? Profit reports may tell

Investors cast aside worries of another recession last week and bought stocks by the bucketful. This week brings hard evidence of whether they were right.

A new earnings reporting season kicks off Monday with Alcoa Inc., followed by dozens of other companies over the next few days. A question on everyone's lips: Will these second-quarter reports show that companies are feeling better about the future, too?

"We'll find out soon enough what the reality is," says Howard Silverblatt, a senior analyst at Standard & Poor's.

After dumping stocks since late April, investors last week drove the Dow Jones industrial average up 5.3 percent, …

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