After dreadful week, stocks look for reason to bounce

After dreadful week, stocks look for reason to bounce

Investors who were bloodied in the year-opening stock rout will be hard pressed to find any salve next week.br With prospects dimming for a strong start to earnings season, and worries about slow growth in China continuing to overhang the market, even a price-driven rally may not last beyond a day or three, say longtime market watchers.br The S&P 500 .br SPX suffered its worst five-day opening to a year on record going back to 1929 and the Dow .br DJI notched its worst start to the year on record dating back to 1897.br Several analysts have already cut their earnings targets, with Deutsche Bank reducing its fourth-quarter forecasts and admitting it was unsure how much to lower its 2016 estimate because of the continued slump in oil prices.


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Uploaded: 2016-01-10

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