U.S. decline due to weak jobs report

S&P 500 Falls Most Since November Amid Valuation Concern

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Today – Monday January 13th, 2014

  • U.S. stocks decline as weak jobs (74,000) report in December shook investors. Disappointing jobs report gave investors a reality check and a pessimistic outlook as they went into the new year with high hopes.
  • Stocks also extended declines after Federal Reserve Bank of Atlanta President Dennis Lockhart said the U.S. economy is on “solid footing” and he would support continued cuts to stimulus.
  • Earnings week for 4Q results has started and tomorrow retails sales report will be released.
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Categories: Capital Markets

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