dimanche 5 avril 2015
Stocks: This week could be ugly. Don't panic yet
Posted on 15:21 by nice news
Spring may be here, but the U.S. economy and corporate America are stuck in winter mode.
When the stock market opens Monday, trading could be brutal. The economy added a mere 126,000 jobs in March, according to the latest data that came out Friday. That was a huge disappointment. The markets were closed for the holiday weekend, but boy, did things get ugly in the futures market. The Dow, S&P 500 and Nasdaq futures all careened down 1%.
Hiring had been the one really bright spot in the economy with the U.S. averaging over 250,000 job gains a month for about a year.
And then March hit.
It's the latest in a stream of sub-par news. Experts have been slashing their forecasts for economic growth and corporate earnings.
When the stock market opens Monday, trading could be brutal. The economy added a mere 126,000 jobs in March, according to the latest data that came out Friday. That was a huge disappointment. The markets were closed for the holiday weekend, but boy, did things get ugly in the futures market. The Dow, S&P 500 and Nasdaq futures all careened down 1%.
Hiring had been the one really bright spot in the economy with the U.S. averaging over 250,000 job gains a month for about a year.
And then March hit.
It's the latest in a stream of sub-par news. Experts have been slashing their forecasts for economic growth and corporate earnings.
Stocks: This week could be ugly. Don't panic yet
Categories: Stocks: This week could be ugly. Dont panic yet
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