What Moves the Stock Market? – Washington Wire – WSJ – WSJ Blogs

By
Robert Litan

Dow Jones Industrial Average over 2014.
The Wall Street Journal
With the stock market’s unexpected boom toward the end of 2014, what better way to ring in the new year than to reexamine that age-old question: What drives stock returns? Is it earnings’ growth fundamentals or short-term momentum swings in investor behavior?
The answer matters because most forecasters expect the economy to […]