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Wednesday, May 4, 2016
The negative momentum from the last few sessions is expected to remain in place at the open today, with the reemergence of global growth worries raising doubts about the sustainability of the market’s rebound from the February lows. Pre-open sentiment indicates negative opens for all the major indexes, which would follow overnight weakness in all global markets.
This morning’s weaker-than-expected April ADP jobs report likely adds to the global growth worries. The U.S. labor mar