Stocks Fall Ahead Of More Economic Data

Stocks fall ahead of more economic data

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U.S. stocks sunk Monday ahead of another wave of economic data out this week.

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The S&P 500 (^GSPC) moved lower by 0.9% in early morning trading

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while the Dow Jones Industrial Average (^DJI) down by 0.8%, or 270 points.

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The technology-heavy Nasdaq Composite (^IXIC) fell by 0.9%.

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Stocks finished mixed on Friday as investors digested hotter-than-expected jobs data.

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The strong job gains and robust wage growth are the opposite of what the Federal Reserve would like to see in its battle against inflation.

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Friday’s figures showed demand for workers remains out of balance with supply, signaling to Fed policymakers to either take rates higher

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