With fear that the Federal Reserve will start hiking interest rates again later this month, stocks finished lower last week - the S&P dropped 1.16%, the Nasdaq declined 0.92% and the Dow Jones shed 1.96%.
Economic reports from last week came back mostly positive: •Construction Spending - higher than expectation •Vehicle Sales - higher than expectation •Private Employment - higher than expectation •Total Employment - lower than expectation •Job Openings - lower than expectation •Jobless Claims - higher than expectation This week, investors will look for guidance from economic reports like Consumer Credit, Small Business Optimism, Consumer Sentiment and Jobless Claims.