Economic news wasn't good this morning. Consumer sentiments dropped more in April than expectations. The level seems one of the lowest in last nine months. This and results/forecast from some companies (such as UPS) might be the reason why all three major US indices are in the red this morning (PST). Based on the consumer sentiment report, it looks like consumers will be more cautious about spending on big ticket items as softening jobs market along with recession fears mount on spenders' minds. Big tech results will start after market close today so let's see what impact that has on markets.
top of page
bottom of page
Comments