(MENAFN- ProactiveInvestors - Australia) The Dow Jones Industrial Average gained 48 points, or 0.35%, ending at 13,992 but was unable to break even on the week, falling 0.1%.
With a light mix of U.S. economic data on tap, investors are hoping to keep up the momentum in stocks this week.
Apart from President Obama's State of the Union address on Tuesday evening, investors will get a broad look at the state of the economy from a variety of reports due out during the week.
On Monday, the Treasury Department will release its budget report for January. Economists surveyed are expecting a $2 billion deficit.
Manufacturing will be in focus, with industrial production, business inventories and Empire State data set to be released between Wednesday and Friday.
The U.S. manufacturing sector has lagged over the last year, oscillating between barely expanding and contracting. That's because demand has pulled back in recent months on slow economic growth overseas and worries over the federal budget mess in Washington.
The slowdown has hurt manufacturing jobs, according to the latest report from the Bureau of Labor Statistics.
Markets have had a good run so far this year. The Dow Jones Industrial Average and S&P 500 are both up nearly 7% and near their all-time highs, while the Nasdaq has gained nearly 6%.
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