After a dismal Friday on Wall Street, nervous investors are anxiously awaiting tomorrow morning?s opening bell. CNBC?s Mandy Drury reports.
>>> tonight a lot of nervous investors are anxiously awaiting tomorrow morning 's opening bell after a dismal friday on wall street . the dow has now lost all of its gains for 2012 . investors reacting to a disappointing jobs report and new fears the economy is sputtering. cnbc's mandy drury joins us in new york. what might we expect tomorrow?
>> you really said it, lester . the much lower than expected numbers created since may are fears that the u.s. economy could double dip. remember, we have been here before. concerned about us falling back into recession is what pushed the stock market sharply lower the last two summers as well. it feels like a triple whammy, because on top of the u.s. economy slowing down, european markets are dealing with a debt crisis and asian markets are slowing down, too. what that does this week is whether they should do more, lester , to stimulate the economy. you're also going to hear a whole lot more on the economy from both presidents obama and mitt romney , if we get closer to the november election. and voters like you are focusing on their job creating credentials. in terms of what this market means for you and me, yes, it may be scary to look at your 401(k) right now, but the turmoil is also pushing down mortgage rates . currently they're sitting at record lows. it's also pushing down energy costs . for example, when you go to fill up at the pump, so there are pros and cons . but these are certainly things we're keeping a sharp eye on when we go back to open up the markets tomorrow, lester .
>> mandy drury, thank you so
suge knight obama birth control mortgage settlement macauly culkin joe namath stefon diggs nazi ss
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.