The equities market ended lower on Friday to close out an otherwise down week for the market. The takeaways for investors are that Friday’s business closed below the crucial 30-day moving average serving as support. A close below this level could indicate a change in near-term trend, and that could mean further losses in the days and weeks to come.
This week investors should be on the lookout for a host of economic data, including the all-important non-farm payrolls report. Labour-related data points released during the month imply that only little changed labour conditions during the month, but there could be some big surprises in the data. Other data points that could move the market this week cover the ISM reports on Manufacturing and Services and the Construction Spending and Factory Orders data.