US Stocks Fall as S&P 500 Has Worst Weekly Drop in 2012
US Stocks Fall as S&P 500 Has Worst Weekly Drop in 2012
US Stocks Fall as S&P 500 Has Worst Weekly Drop in 2012. Stock Futures are gapping down due to the March jobs report report disappoints. The March jobs report was a disappointment: Only 120,000 new jobs were created, versus expectations of over 200,000 and the unemployment rate dropped to 8.2 percent from 8.3 percent in February, leaving 12.7 Americans still out of work.
Given the three previous’ months results, where job creation averaged 246,000 per month, this report is a setback to the nation’s labor market. We told traders how the “Market Top” set up in 2-4 weeks on and to expect a correction in this video. We’ll cover support and resistance levels on the (SPX.X) S&P 500 Index and how to trade the gap down on Monday. Stocks have been bullish and will continue as hold as the key support levels we highlight hold.
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