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RPT-Wall St Week Ahead: Positive momentum in face of headwinds
Aug 5th 2012, 16:25

By Ryan Vlastelica NEW YORK Aug 5 (Reuters) - To borrow from "Star Wars", the Force is strong with this stock market. Despite a ho-hum earnings season and central banks' disappointing hopes for aggressive economic stimulus last week, U.S. stocks held firm. After four days of losses, the benchmark Standard & Poor's 500 index rallied on Friday, finishing the week in the positive for a fourth straight time and reaching three-month highs. Sustaining momentum are valuations that make stocks attractively priced relative to other assets. To be sure, some corporate earnings have been impressive, especially in defensive stocks such as utilities. The trigger for stocks' surge...

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