Investor anxieties are about to boil over as the shortened trading week
prepares to open in the U.S. today. Negative sentiment will carry through the
weekend as the primary stock indices in the U.S. finished last trading session
red across the board. The Dow Jones Industrial Average closed out the session
lower by 2.20 percent at 11,240.26. The negatively skewed jobs data that posted
Friday, paired with the continued rate of national unemployment above 9 percent,
pushed many investors toward thoughts of recession. Investors on Wall Street are
preparing for a rocky start this morning. Overseas data that posted yesterday
sent reinforcing waves of negative data to those preparing for a negative open.
Several primary Asian market indices closed in the red. It is difficult to find
the silver market lining through the dark cloud hanging over the global
marketplace right now. Financial stocks will continue to suffer amidst the
continued debt crisis in the eurozone market as well. Greece is still in the
middle of a controversial review and problems with debt bailout will continue to
plague the nation into the near future. All of this, and more, will push
negatively on the U.S. stock indices as Tuesday trading progresses.
Ramifications from the jobs data on Friday should play a big part in trends this
day as well. The negative weeks are adding up for the primary stock indices in
the U.S. Frank Matto
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