US stocks: More bad news may be in store in coming weeks


  • Business Premium
  • Monday, 06 Jun 2011

NEW YORK: More bad days may be in store for stocks in coming weeks, but investors aren't pressing the panic button. Not yet.

With weak job growth and the end of the Federal Reserve's stimulus programme staring investors in the face, the 5% drop in the S&P 500 from last month's high is half way toward the market's definition of a correction a 10% fall from a recent peak.

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