Last week, the S&P 500 notched its worst week since September with a loss of 3.1%. The Dow Jones fell 2.4% and the Nasdaq Composite slid 3.5%. The Nasdaq, heavy on technology stocks, entered correction territory, which means it is down 10% from its recent high. Weaker-than-expected jobs numbers raised further concerns about an economic slow down and the unemployment rate ticked higher to 4.1%. President Donald Trump’s tariff policies are worrying investors about future economic growth and the possibility of inflation going back up. Continued choppiness should be expected until the uncertainties of tariffs are more clear.
Economic reports from last week came back mixed:
•Construction Spending - lower than expectation
•Vehicle Sales - higher than expectation
•Employment (Private) - lower than expectation
•Employment (Total) - lower than expectation
•Labor Productivity - higher than expectation
•Consumer Credit - higher than expectation
•Jobless Claims - lower than expectation
This week, investors will look for guidance from economic reports like Small Business Optimism, Job Openings, Inflation, Consumer Sentiment and Jobless Claims.
Комментарии