Stocks Fall as Investors Wait for Data

Stocks Fall as Investors Wait for Data (Bloomberg)

Following two sessions of growth that put the S&P 500 within five points of its record high, stocks fell today as investors hesitated to inject more money into the markets while waiting for the release of this week’s economic growth and jobs data. “The market is in a quandary right now,” Colleen Supran, a principal at San Francisco-based Bingham, Osborn & Scarborough, said. “For jobs, you’re just hoping you still see some steady traction, but it’s hard to predict, because a healthy jobs market might also mean that the Fed feels more comfortable with an earlier tapering date. It’ll be a little choppy.”