Markets Fall on Disappointing March Unemployment Report (DAL, AA)
Stocks ended down on Friday, with the S&P 500 and Nasdaq logging their worst weeks of 2013, after weaker-than-expected jobs data added to fears that the economic recovery could be losing momentum. North Korea also remained a concern after Pyongyang advised several foreign embassies to consider evacuating staff. J.P. Morgan Securities cuts its revenue expectations for U.S. airlines, causing Delta (DAL) to drop nearly 2.5%. First-quarter earnings season begins next week, with Alcoa (AA) expected to report on Monday.
Word on the Street
- Standard & Poor's reaffirmed its triple-A rating for the U.K.
- Amazon's (AMZN) Jeff Bezos announced that he is backing Henry Blodget's new project to the tune of $5 million.
- Consumer borrowing in the U.S. rose more than expected in February.
- Boeing's (BA) completed the second and final flight test for it's 787 Dreamliner, sending shares higher.
Published on Apr 5, 2013By InvestorGuide Staff