NEW YORK: Extending last Friday’s rally into this week is a tall order for US stocks, given more data set to show the job market and retail sector are in deep distress and little hope for a respite from dismal corporate outlooks.
Uncertainty about the fate of ailing US automakers is another big wild card. US lawmakers could start debate on whether and how to rescue GM, Ford and Chrysler as early as Monday, with no clear visibility on a likely outcome.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!