Wall St Week Ahead: Oil, GE may keep stocks on bear’s turf

NEW YORK, July 6 (Reuters) – It will be tough for Wall Street to shake off the bear market blues this week if the price of oil keeps rising and the earnings season kick-off from Alcoa and General Electric disappoints investors.

[…]Oil has become the biggest wild card for growth and corporate profits. It jumped to a record above $145 a barrel on Thursday, driven by tensions between Israel and Iran, before the long holiday weekend to mark U.S. Independence Day. The price of crude is up 50 percent so far this year.

Reuters