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Overseas Jitters Afflict U.S Stocks
Stocks declined again last week, hurt primarily from overseas unrest and forthcoming elections in Europe that could upend the prevailing order. Stocks declined a bit over 1% on average for the week. Foreign stocks, which have been advancing strongly already this year, shrugged of the concerns to end the week mildly higher.
As often happens in stressful situations, investors didn’t flee stocks altogether, but rather sought safer equity havens. This week will see a lot of March economic statistics and first quarter corporate profit reports - a lot to chew on.