Monday, May 7, 2012

In free fall

Stocks sold off Friday, ending the week lower, after the government's April jobs report came in weaker than expected. The market is poised to follow world markets lower on concerns over election results in Europe. Hollande has advocated for more economic stimulus. But the concern is whether or not such policies will derail previously-announced bailout deals, in which stronger economies such as Germany provide assistance for the weaker economies facing default on their debt. Little economic data is expected in the U.S. on Monday beyond a report on consumer credit for March.  Analysts expect consumer credit to have expanded by $11 billion in March, after an $8.7 billion increase in the month prior.