Following the sell-off seen last Friday, stocks saw continued weakness during trading on Monday. With the losses on the day, the Nasdaq and the S&P 500 ended the session at their lowest closing levels in well over a year.
After coming under pressure early in the session, stocks continue to see substantial weakness in mid-day trading on Monday. The steep drop on the day reflects an extension of the sharp move to the downside seen last Friday.
Stocks have moved sharply lower in early trading on Monday, extending the sell-off seen last Friday. The major averages have fallen firmly into negative territory, with the tech-heavy Nasdaq falling to its lowest levels in well over a year.
Following the sell-off seen last Friday, stocks are likely to see further downside in early trading on Monday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 193 points.
Early indications suggest that Wall Street stocks may open Monday’s session notably lower amid weak global cues. With most Asian markets closed for holidays, the markets that were open in Asia ended mixed. Meanwhile, after a volatile bout in early trading, European stocks have plunged, with a weak investor confidence reading acting as a trigger to the move downside. After trading higher in the Asian session, crude oil is currently lower, although most other commodities are higher. The dollar is mostly weaker. In the absence of any major corporate news, barring any potential M&A news, and economic news, the price of oil is likely to be treated as surrogate for global growth.
Reflecting a negative reaction to the closely watched monthly jobs report, stocks moved sharply lower during trading on Friday. With the steep drop on the day, the tech-heavy Nasdaq fell to its lowest closing level in well over a year.
After coming under pressure in early trading on Friday, stocks have seen some further downside over the course of the session. The tech-heavy Nasdaq has shown a particularly steep drop and is on pace to end the day at its lowest closing level in well o…
On the heels of the release of the closely watched monthly jobs report, stocks have moved mostly lower in early trading on Friday. The major averages have slid firmly into the red after ending yesterday’s choppy trading in positive territory.
Stocks may move to the downside in early trading on Friday following the release of disappointing jobs data. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 20 points.
Trading in the U.S. index futures suggests that Wall Street stocks may open Friday’s session higher, as commodities trade higher. The dollar is gaining ground after its recent weakness, as the monthly NFP report looms large. The recent weak string of d…