(As of 7:10 am PST)
Stocks are in a back and forth pattern early this morning
as the storyline of international woes continues. Disappointing data out of China this week has
sent worries throughout global markets that the world’s second largest economy
is on a path to economic slowdown.
Meanwhile, Russia-Ukraine tensions persist with an important vote coming
over the weekend that may have some considerable implications for markets as
citizens of Crimea are likely to vote to secede from Ukraine. US economic data is light today, however a
report on consumer sentiment showed sentiment falling to the lowest level since
November. It’s been a disappointing week
for markets, which was highlighted by yesterday’s sharp selloff. US equities are on pace to finish with the worst weekly declines in
seven weeks.
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