The Dow Jones Industrials posted its worst day since October 2020 on Friday and all three of the major indices finished the week in the red. Friday’s reaction to the new variant of concern seemed to be more headlines-driven than data-driven as it’s way too early to know the eventual impact.
For the week ahead, Covid remains front and center as headlines will continue to trickle in — meaning we could see more days this week that are driven strictly by the news accounts. For economic data, it’s another busy week. We get manufacturing and services data to begin this week, and we end the week with another key U.S. jobs report.
For a more detailed market report head on over to our Insights page. Where there are some of the key economic data points to be released this week. Also, subscribe to our YouTube channel and check out some of our other social media pages.
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Stocks Fall on Heightened Covid Concerns
