Wall Street’s main indexes were set for a higher open on Thursday, after losing 3% in the past two sessions on fears that the domestic economy was heading toward a recession. “If the contraction in manufacturing activity translates to weakness in the far larger services sector, then it’s time to get seriously worried,” said Hussein Sayed, chief market strategist at FXTM. The gloomy factory activity data and private jobs report have led to two straight days of more than 1% drop in the benchmark S&P 500 for the first time this year and set the Dow on course …read more
Source:: Yahoo Finance
