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U.S. stocks stumbling into February
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U.S. stocks are stumbling into February, and a fresh batch of economic reports this coming week is likely to dictate investor sentiment.
After a hefty dose of earnings the past two weeks, investors will turn to reports from ADP on payrolls, the ISM on nonmanufacturing growth and U.S. government data on weekly jobless claims and the nationwide unemployment rate.
Investors, who pushed the Dow Jones Industrial Average past the 10,720-point mark just after the start of the year, have grown skeptical about the strength of the global economic rebound. The U.S. stock market has endured three straight weekly losses.
"The market is confirming that it will be a slow recovery," said... Full Story |
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Submitted Jan 30, 2010 10:22pm
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