Dow futures slide lower Tuesday morning after stocks first decline to start a year since 2016
January 5, 2021US STOCKS-Nasdaq set to slump on prospects of Democrat-controlled Senate
January 6, 2021Worse-than-expected ADP jobs report sets “a dismal outlook for the 1Q,” Spartan’s Peter Cardillo says. ADP reports that the US private sector shed 123K jobs in December, versus consensus forecast of an increase by 60K. “Covid-19 surge is weighing on the labor market, especially the service sector,” Cardillo says. He expects an uptick in the Labor Department’s nonfarm payrolls on Friday, “but the 200K plus call is likely to be closer to up 45K,” adding gloom to the quarter, he says.