The S&P 500 closed today at 1309, down well over 1%. The NASDAQ closed down nearly 2%. In light of relative valuations and current global prospects for the past six months, the question begs an answer: Why? Let’s begin with an overview of the results of the past week.Read more about What the Market Wants: Why Oh Why Don't You Rebound?
Overall, the ISM reports brought in good but not great news; however they were overshadowed by the poor jobs report of last week.