Stock Markets Plummet, Jobs Report Looms
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Stock markets plummeted for the fifth consecutive week, with the S&P 500 dropping over seven percent since late February. Both the Nasdaq and Dow confirmed corrections, fueled by conflicting signals on potential de-escalation and higher energy costs. Investors are anxious, especially as quarter-end approaches, with rising bond yields pushing stock valuations lower. The S&Ps price-to-earnings ratio fell below twenty. Next, Fridays March jobs report and retail sales data will impact the market. Corporate earnings show resilience, but war headlines and jobs numbers will dictate the markets next move.
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