The US markets are sharply lower this afternoon, with the Nasdaq currently leading the charge, down about 1.75%. Momentum and technology stocks are headlining the fall, with companies such MannKind down 10.77%, Amazon.com lower by 2.6%, Tesla Motors off 3.5% and Yahoo! down 4.15%.
Good afternoon, this is Sayoko Murase with the Week Ahead Market Report for April 7, 2014.
In overseas trading, Japan's Nikkei 225 Stock Average was lower by 1.69% and the Hang Seng was down 0.59%. In Europe on Monday, the FTSE 100 was lower by 1.09% and the German DAX was down 1.91% today.
In economic news, Wholesale Inventories is released Wednesday, Initial Claims, Export and Import Prices on Thursday, and PPI on Friday.
In earnings news this week, Alcoa (NYSE:AA) releases Tuesday, Bed Bath & Beyond (NASDAQ:BBBY) and Constellation Brands (NYSE:STZ) on Wednesday, Rite Aid (NYSE:RAD) on Thursday and Fastenal (NASDAQ:FAST) on Friday.
Join us on Friday for the Weekly Market Wrap and have a wonderful week.
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