Disappointing Jobs Report Hurts Markets and Economic Outlook

Weekly Wrap Up

The week ended with negative news coming from the jobs market and dragged down the major US indices. It was reported that employers added less new jobs than was expected for the month of March and the labor participation rate dropped to 63.3%, a thirty four-year low. The S&P experienced its worst week so far this year on the disappointing report.

In global news, Cyprus cut a deal earlier in the week on Tuesday for a bailout involving a ten billion euro loan. The Bank of Japan launched an aggressive anti-inflation campaign on Thursday with bold policies that will make it a top priority.
For the week oil slumped by almost 5% and the dollar dropped against most major currencies including the euro after the surprisingly weak jobs data. More Market News

Economic News

US Stocks Stumble on Subpar Jobs Report
U.S. stocks fell on Friday, putting them in line for their worst week this year, after the government said the far fewer Americans found jobs in March than estimated. (Source: MarketWatch) Click here to read the full article
S&P Keeps UK at AAA, Warns of Future Rating Risk
Standard & Poor's rating agency says Britain's cherished AAA long-term credit rating will stay for now - but warned there was still a chance of a downgrade if the economy weakens. (Source: Associated Press) Click here to read the full article
Bank of Japan Takes Fight to Deflation
The Bank of Japan launched what promises to be an aggressive campaign against deflation Thursday, announcing a bold set of policies that exceeded market expectations. (Source: CNN) Click here to read the full article

Business News

Five Stocks to Watch in April
The stock market continued higher in March, ending 2013's first quarter on an extremely positive note. Tuesday’s rally, with the Dow rising 89 points took the index to new all time highs and into uncharted territory. (Source: InvestorGuide) Click here to read the full article
Nvidia Crosses Swords with AMD
Graphics chip giant Nvidia (NVDA) has had a pretty tough year. Shares of the Santa Clara, Calif.-based company have slid 12% over the past twelve months, and plunged 35% over the past five years. (Source: InvestorGuide) Click here to read the full article
Amazon Purchases Goodreads
Last week, e-commerce giant Amazon (AMZN: Charts, News) announced that it would purchase Goodreads, a niche book recommendations social site with more than 16 million members. Goodreads’ members have added 530 million books to their digital collections, and written 23 million reviews. Although the two companies did not disclose the terms of the deal, but a widely followed tech blogger, Jeff Bercovici, noted that the acquisition was worth roughly $150 million, based on Goodreads’ angel and series A funding. (Source: InvestorGuide) Click here to read the full article

Technology Focus

Google Becomes a Grocer
Internet search giant Google (GOOG) surprised the market last week after it announced that it was investing in grocery delivery. The project, Google Shopping Express, is currently being tested on a small group of consumers in San Francisco and the Bay Area. Google has stated that if the initial tests go well, then it plans to roll out the service in other markets across the United States. (Source: InvestorGuide) Click here to read the full article
Apple Gets a Double Whammy of Bad News
Things have been rough for Apple (AAPL) shareholders over the past year. The stock, once the darling of Wall Street, has fallen over 25% over the past twelve months. (Source: InvestorGuide) Click here to read the full article

Your Money

Wall Street Power Player: We're Incentivized to Cheat
Hustlers. Cheaters. Crooks. American business has always had them, and sometimes they’ve been punished. But today, those who cheat and put the rest of us at risk are often getting off scot-free. (Source: AlterNet) Click here to read the full article
Why Jay-Z Has 5 Careers, And You Don't
From Leonardo da Vinci to Jay-Z, history’s great Renaissance men have always needed something besides multiple talents: a lot of money. (Source: MarketWatch) Click here to read the full article
Published on Apr 4, 2013
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

Posted in ...