About nazwa biznesu
SAN FRANCISCO (MarketWatch) -- Stocks next week are expected to enter the third quarter on uncertain footing after the Dow Jones Industrial Average briefly fell into bear-market territory this week, battered by record oil prices and a slumping financial sector.
"It'...s going to be a very interesting week; it's going to be a very dangerous week," said Paul Mendelsohn, chief investment strategist at Windham Financial Service.
Mounting concerns about consumers and the economy will bring oil prices and the June employment report, which will come out Thursday because of a holiday-shortened week, into sharp focus.
Also on Thursday, the European Central Bank is widely expected to raise interest rates, a move that would likely further pressure the dollar and might further lift commodities prices. A weaker U.S. currency tends to boost the price of dollar-denominated commodities, such as crude, as it makes them cheaper for holders of other currencies.
Enter the bear
Stocks finished the week sharply lower, with oil near $143 a barrel, ailing financials and concerns about the economy all catching up to a market that has now lost nearly 20% from its 2007 highs, which would mark an official entry into bear-market territory.
Photos & videos
Location & hours
- Mon Mon 4:00 am - 3:00 pm
- Tue Tue 4:00 am - 3:00 pm
- Wed Wed 4:00 am - 3:00 pm
- Thu Thu 4:00 am - 3:00 pm
- Fri Fri 4:00 am - 3:00 pm
- Sat Sat 4:00 am - 3:00 pm
- Sun Sun 4:00 am - 3:00 pm