Stocks Just Turned Negative


Photo: Google Finance

Markets were off to a strong start after a strong jobs report.But that rally has been losing steam.  And the S&P 500 just turned negative.

In November, US companies added 146k new nonfarm payrolls, which was much higher than the 85k expected by economists.

The unemployment rate fell to 7.7 per cent.  Economists were expecting this metric to remain unchanged at 7.9 per cent.

Consumer confidence, however, unexpectedly plunged to 74.5 from last month’s reading of 82.7.  This was much worse than the 82.0 expected.

Click Here For Updates >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

markets moneygame-us