Samsung issued a preliminary look at quarterly results that indicated that profit dropped by two-thirds to an eight-year low.
The company supplied a first look at its quarterly earnings report where profit tumbled by two-thirds to an eight-year low.The first major economic report of the new year, December’s employment data out at 0830 ET Friday morning, will give investors further insight into the impact that higher borrowing costs are having on a tight labor market.
The Institute for Supply Management releases its non-manufacturing purchasing managers index for December. is expected to fall one-and-a-half points to 55.0, down from a stronger-than-expected reading of 56.5 in November.
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Stock market news today: Strong jobs data suggests more hawkish Fed movesUS stocks fall as strong jobs data dashes hopes for a swift change to aggressive Fed policy
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