Stocks Slumped on the Heels of January's Outstanding Jobs Report. What Gives?
January's highly anticipated jobs report was loaded with positive news. Not only did the U.S. economy pick up a whopping 517,000 jobs last month, but the national unemployment level fell to 3.4%. After all, if companies have money to hire with and jobs are being added, it means we shouldn't see a drastic near-term decline in consumer spending.