According to a MarketWatch survey, analysts expect the U.S. economy to grow at a 2.5% rate, revised from the previous 2%. The Labor Department is expecting any near future reports to mirror the types of increases in recent months. The U.S. added 158,000 jobs in September and 104,000 in August. [S&P 500 ETFs Fall Below 50-Day Moving Average]
Monday’s stock ETF burst ended a seven-day losing streak, and markets are looking forward for some good employment data to lift spirits.
SPDR S&P 500 (NYSEArca: SPY) rose nearly 3% on Monday.
Tisha Guerrero contributed to this article.
Full disclosure: Tom Lydon’s clients own SPY