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The week ahead in stocks
Saturday May 7, 2011
NEW YORK (CNNMoney) -- A stronger-than-expected jobs report on Friday was a good coda to a week in which stocks were dragged lower by a rout in commodities.

In the week ahead, the commodities market will be in focus again. Fund managers said they welcome a fall in oil prices because of how heavily energy weighs on consumers' pocketbooks.

"Friday's jobs report and sell-off in commodities should be enough to keep this market moving higher," said Karl Mills, president and chief investment officer of Jurika, Mills and Keifer. (Check the latest commodities prices.)

Closely-watched economic numbers coming out this week include April retail sales, producer and consumer inflation figures and the first reading on May consumer confidence.

Investors will also keep an eye on the weekly initial jobless benefits report, particularly since last week's claims number jumped by 43,000, considerably worse than what economists had predicted. The claims figure helped fuel a 140 point drop in the Dow on Thursday.

"We have to see if last week's number was an abnormality," said Curvin Miller, vice president of wealth advisory firm Russell & Company.On the Docket

Monday: Tyson Foods (TSN, Fortune 500) reports before the opening bell; analysts polled by Thomson Reuters expect the company to earn 43 cents a share.

There is no economic data scheduled for release on Monday.Citi may turn out the lights on sleepy market



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