With OPEC's surprise decision not to increase oil production, the Senate's vote on debit card fee limits, and Ciena's disastrous earnings, Wednesday's events could cloud the market for a while.
The airline, once the flat-out leader in discount fares, has raised ticket prices 7 times since December.
The blue chips fall 97 after the government says unemployment rises to 9.1%. Only 54,000 new jobs are created. Oil and gold rise as the dollar falls. Wal-Mart will buy back up to $15 billion in shares.
The IPO filing suggests a $20 billion value for the company. The Dow recovers most of a 100-point loss. Worries grow about Friday's jobs report. Citigroup, Bank of America and Wells Fargo may get downgraded.
Netflix and Dean Foods are among the US benchmark's top gainers this year.
A falling dollar lifts gold, oil and natural gas. Financial and materials stocks are strong, with Bank of America a leader. Medco Health loses a big contract; shares tumble. Markets will close Monday for Memorial Day.
Jobless claims are larger than expected; economic growth is tepid. But stocks recover from early losses. Oil and gold move lower. Techs move higher on NetApp. A top hedge-fund manager says Microsoft's Ballmer should go.
Last month's losses weren't very big and the finish was strong, which could give bulls some cheer. But the market holds some sizable risks in coming weeks and perhaps beyond.
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Down for the short term, BHP Billiton, China Mobile, and McDonald's should have profitable futures.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
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