US stocks face more turbulence that could send indexes spiraling through key
levels next week as doubts about the pace of the global recovery persist and
fears over Europe's sovereign debt woes rattle sentiment. Investors worry that
the debt problems will hinder efforts to sustain the
Lulled by ready access to low-cost credit, politicians have piled up
unsustainable debt service that the public will soon demand they stop paying,
he said. Bankers are selling municipal bonds based on unrealistic assumptions
of population and revenue, and will be held accountable when they
General Electric Co., Boeing Co. and 3M Co. lost more than 1.1 percent to lead
the Dow lower. American Express Co. and Intel Corp. advanced after the Labor
Department said the jobless rate slipped to 9.7 percent, the lowest since
August, and manufacturing payrolls increased. “Risk is
Asian stock markets and commodity prices recoiled on fears that growing euro
zone troubles could impede or even derail the global economic recovery. An
unexpected rise in US unemployment claims heightened those concerns ahead of
non-farm payrolls data due later on Friday, a number that will be
US stocks rallied for a second session overnight as better-than-expected
earnings and encouraging data calmed investors after the market's recent
sell-off. Rising sales of previously owned US homes and robust earnings from
bellwethers representing consumer and industrial businesses,
Crude oil rallied 3 percent to $76.65 a barrel, aluminum gained 1.8 percent and
commodity producers in the MSCI World Index jumped 2.2 percent as a group at
12:35 p.m. in New York. Brazil’s real gained against all 16 major counterparts
and the dollar declined against 14 of 16.
Crude oil rallied 1.8 percent, aluminum gained 0.7 percent and commodity
producers in the MSCI World Index jumped 1.6 percent as a group at 11:09 a.m.
in New York. Brazil’s real gained against 15 of 16 major counterparts and the
rand strengthened against 11 of 16. The Standard & Poor’s
Lulled by ready access to low-cost credit, politicians have piled up
unsustainable debt service that the public will soon demand they stop paying,
he said. Bankers are selling municipal bonds based on unrealistic assumptions
of population and revenue, and will be held accountable when they
