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Nov 16 2015

Wall St flat; investors digest recent losses, Paris attacks

Market Recap 11/13/15:
U.S. stocks fell sharply on Friday, with major indexes suffering their worst weekly decline since August and the S&P 500 returning to negative territory for the year. Sentiment was hurt by a weaker-than-expected read on retail sales, which suggests the consumer could be struggling at a time when the Federal Reserve seems likely to raise interest rates in coming weeks. Tech stocks were among the biggest losers of the day, pressured after Cisco (CSCO) gave a weak outlook, a forecast that weighed on the sector overall, including such heavily weighted names as Apple (AAPL) and Facebook (FB).
Looking ahead:
U.S. stock index futures were flat on Monday as investors continued to watch the situation in France, where horrific attacks Friday night injected a new element of geopolitical uncertainty into markets. While European shares, including in the Parisian exchange, held up in early trading, fears over the prospect of additional attacks or questions over government response could cause additional volatility. The recent weakness could diminish concerns about valuation; without last week’s selloff, investors may be more inclined to take profits. Make sure you don’t miss our president, Oliver Pursche, who will be appearing on CNBC this Friday. Also, catch this week’s Money Matters with Gary Goldberg, which will air Sunday at 11 on WOR710. Visit our website for more details.