The U.S. stock market slump may represent a markdown of future growth—not only in the U.S. but around the world. The highly touted second-half economic spring-back in America looks less and less likely.
Markets are factoring in relatively weak non-farm payrolls number, at around 155000. But there may be a fall in unemployment rate – moving down to 7.5 percent compared with 7.6 percent
In the US markets, S&P 500 ended lower on first day of this quarter. The Dow Jones Industrial Average dragged lower by Intel and Alcoa.
The US markets closed mixed after a quiet session logging in a percent in terms of gains for the week.
Wall Street recovers from its day's lows, settles with strong gains after Chairman Ben Bernanke said that the Fed may look at reinvesting in mortgage backed securities but lowers growth outlook for remainder of 2011 but has offered no new aid amid global worries.