What to Expect on Wall Street as Nervous Investors Navigate a Slowing Economic Recovery
August 23, 2010 at 06:00 AM EDT
Wall Street was hit hard last week with gloomy data that has kept buying interest stalled and investors spooked over a slow economic recovery. Stocks slipped over the past week after investors learned from government reports that jobs are getting scarcer than straw hats in a wind tunnel, and it isn't always sunny in Philadelphia. The big-cap indexes lost around 1%, while safe haven assets like gold and the U.S. dollar were buoyant. The best investment around for the week was the U.S. long bond, up 2%. To read what’s in store after last week’s gloomy data, click here .