The broader markets are coming back with a case of the post-holiday blues. While domestic data surprised to the upside, concerns of the EU continue to ramp up. A series of interest rate cuts by the ECB, China and the UK have spooked traders as we head into the weekend. It shows that global economic conditions remain weak and are expected to remain there.
Domestic data, while positive, have little respite for investors. The ADP report surprised to the upside and jobless claims fell to their lowest level in 6 weeks. The NFP report on unemployment is due out tomorrow before the bell. Sign Up For Free Stock Alerts
A quick check of the market has the Dow down 70, the Nasdaq 12 and the S&P 8. [Read more...]
