Stock Market Reopening After Rough Week
(NEW YORK) -- Was last week’s stock market plunge just a two-day tumble or a true sign of worry? Some market watchers say the rout is a buying opportunity, pointing to signs of improvement for both the U.S. economy and Japan’s return to growth. Stock futures rose Monday morning, but with rising volatility and emerging market turmoil, Wall Street is on edge as the new trading week begins.
The S&P 500 -- the benchmark for many stock mutual funds -- dropped 2.6 percent last week. The Dow Jones Index opens for business Monday below 16,000.
Meanwhile, overseas, Asian markets were hit hard Monday on the possibility of slower growth in China and the likelihood the Federal Reserve will announce a further drop in its bond-buying stimulus Wednesday.
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