Stocks head to lower open after 5 losing weeks


In this June 3, 2011 photo, a trader watches at a monitor as he works on the floor of the New York Stock Exchange. Weak U.S. jobs figures continued to weigh on stock markets Monday, June 6, as investors fret about the state of the U.S. economy, while the euro remained relatively well-supported by expectations that Greece will receive another financial bailout to plug a potential funding gap over the coming two years. (AP Photo/Richard Drew)

NEW YORK (AP) — Stocks appear headed to a lower opening, after a week in which the three major indexes lost more than 2 percent.

The market barometers have now fallen for five straight weeks.

A dismal jobs report last Friday sent the Dow Jones industrial average, SP 500 index and Nasdaq composite sharply lower. The Labor Department reported that employers added only 54,000 new workers in May, the fewest in eight months. The unemployment rate inched up to 9.1 percent from 9 percent.

For the year, the Dow remains up 5 percent. The SP and Nasdaq are up more than 3 percent.

Ahead of the opening bell Monday, Dow futures are down 24 points at 12,101. SP 500 futures are down 3 at 1,293. Nasdaq 100 futures are down 5 at 2,282.

GD Star Rating
loading...

From: http://us.rd.yahoo.com/finance/news/rss/story/*http://us.rd.yahoo.com/finance/finhome/topstories/apf/*http://biz.yahoo.com/ap/110606/us_wall_street.html

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Categories

Archives

Advertisement

Call Now: 877-239-1878

Advertisement

Call Now: 877-239-1878