Stocks soar -- as the blue chips enjoy their best June since 1999 -- after European leaders move to stabilize their banks. Apple and chip makers boost techs, but Research In Motion shares slump badly. Ford and Nike warn on European sales.
The Supreme Court is expected to issue its decision on health care reform. Research In Motion, Nike will dominate earnings. A European summit could get volatile. Economic reports at home could show more softness.
The week ahead will signal if the market has peaked or is just taking a breather. Earnings from Lennar, Walgreen and Paychex will help answer the question. So will reports on pending home sales and Chicago Purchasing Managers Index.
Oracle shares slump on weak earnings and hit competitor shares, especially IBM. Existing-home sales may be stabilizing after sales from 2007 prove worse than thought. Nike results cheer. Is Research In Motion a takeover target?
Traders hope a deal is near to ease the Greek debt crisis. But energy and tech stocks sag. Research In Motion shares are crushed. Apple is down for 2011. Oil hits a 4-month low.
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All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
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