A look at the day ahead in U.S. and global markets from Mike Dolan
Global investors got a reminder last week that the U.S. economic expansion is not etched in stone, even Wall Street is priced as if it was, and German stocks got another shot in the arm on Monday from weekend election results.
A string of soft readings from the U.S. retail and service sectors unnerved U.S. stock traders on Friday, with growing fears the disruption and uncertainty sown by Donald Trump’s new administration are forcing consumers and businesses to draw in their horns.
The S&P500, Nasdaq and small-cap Russell 2000 plunged 1.7%, 2.2% and 3% respectively – with the Russell now turning negative for the year. Friday’s losses in the S&P500 and Russell were the biggest one-day hits in 2025, with the blue chip Dow Jones index recording its steepest weekly decline since October.
With Federal job cuts mounting…
