While average Americans are buoyant over some curiously strong jobs numbers, investors are increasingly bothered by a growing list of concerns.
The reporting season isn't even a week old, and already the markets are getting roiled by harbingers of missed estimates.
The company now estimates demand will grow by 6% in 2012, down from its earlier forecast of 7%.
Stocks slump despite positive earnings results from Alcoa and Yum Brands.
Consider the aluminum giant the equivalent of a worldwide labor report.
Revenue grew only 2.6% last quarter -- a fraction of the rate seen earlier this year.
| Tags: | CMIFDXThe Fiscal Times |
Stocks hover near baseline as investors continue to wait on central bank statements expected later this week.
Companies and consumers are sitting on their wallets, and we should not be surprised.
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