"Market jitters defy upbeat report" by John Sample

   Last week ended with a thud.  
   The Dow dropped nearly 300 points, sending all the major indexes down about 1.5 percent.  
   You would have thought that some major geo-political event had taken place.  
   What in fact happened was the very positive Labor Department report indicating that the U.S. added 295,000 jobs and the unemployment rate dropped to 5.5 percent.  
   This positive news sent the bears to speculating that the Federal Reserve would have to raise interest rates sooner than later.  
   Rising interest rates are no friend of the stock market.  
 
Rate this article: 
No votes yet