Investment News – Marc Chandler, China, NEW YORK, Lincoln Ellis, Stocks back off record highs
Investors are hitting the pause button after last week’s record-breaking rally.
Futures edge lower on China data, Italy downgrade
By Angela Moon NEW YORK (Reuters) – Stock index futures edged lower on Monday following last week’s strong rally as Italy’s credit downgrade and mixed data from China curbed investors’ appetite for risky assets. * On Friday the S&P 500 climbed for a sixth straight day, putting it less than 1 percent from an all-time closing high. On a weekly basis, it rose for the ninth week out of the last 10. All three major U.S. stock indexes racked up their biggest weekly gains since the first week of the year. …
US futures rise sharply ahead of jobs report
NEW YORK (AP) — U.S. stock futures are heading higher ahead of the February jobs report that is expected to show employers continue to bolster staffing as the economy recovers.
Is the Bond Market Signaling the End of the Equity Rally?
Lincoln Ellis of the Strategic Financial Group says the disconnect between stocks and bonds is getting more troublesome with every uptick, creating a market tension likely to end in tears for equities.