Investors will be watching to see if Monday’s rally is a technical bounce or perhaps the first step toward a so-called Santa Claus rally. Friday’s nonfarm payrolls report could move stock ETFs.
Moody’s warned Monday the sovereign debt crisis puts the credit ratings of all European countries at risk, Reuters reported.
SPDR S&P 500
Full disclosure: Tom Lydon’s clients own SPY, SLV and GLD.