You are here


Can the rebound for US stocks continue?

For that to happen, market needs positive outlooks from banks, tech firms and housing-market data this week; investors wait to hear about damage done to profits by US$'s spike

Data on Thursday showed new weekly jobless claims were at levels not seen in 15 years. Data from Challenger, Gray & Christmas also revealed fewer lay-offs in March than in previous months.

LAST week, US stocks rebounded somewhat as fears about jobs data, earnings and the oil bust subsided.

For the rebound to continue, the market needs positive outlooks from banks, tech companies and housing-market data this week.

After April 3's shockingly weak March jobs report,...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to