Today’s disappointing jobs numbers led to hope for the markets, as investors speculate that the poor data could lead to slower stimulus tapering from the Federal Reserve.
Retailers slumped today, though stocks remained little changed, managing only a small increase today as investors wait for tomorrow’s jobs numbers.
U.S. stocks today fell after minutes from the Federal Reserve revealed Fed officials remain worried about risks to the country’s financial stability.
With an employment report and fourth-quarter earnings season set to arrive this week, health-related stocks led a rally to raise stocks today, snapping a slide which had occupied the first three sessions of 2014.
U.S. stocks have failed to produce a positive day in their first three sessions of the new year, marking the market’s worst start since 2005.
The S&P has fallen for a second consecutive session to begin 2014 thanks to comments from outgoing Federal Reserve Chairman Ben Bernanke on the state of the U.S. economy.