Investors Wait for Unemployment Data

Mid last week, investors on Wall Street welcomed the economic rise of the United States (U.S.), characterized by positive levels of gross domestic product (GDP) in the third quarter - after declining in the last year.

However, last week also ended anti-climax after all the major indexes dropped again. The reason, investors again are unsure about the U.S. economic recovery accelerated in the last months of this year.

That is why, after rising 200 points had positive news following the U.S. GDP, stock price index Dow Jones industrial Friday last week plummeted 250 points instead. This week, investors waiting for a number of important data, which can determine whether the stock market continued to slip, or even back up.

Among a number of reports that market participants awaited the unemployment data, manufacturing, service sector, and the sale of the house. The numbers in the data is expected to support the positive rate in the third quarter GDP, which grew 3.5 percent.

In addition, this week the leadership of the Federal Reserve, the Fed, will meet for two days to discuss economic development and the determination of interest rates. Current interest rates the Fed is at the level of 0 percent.

Institute survey of the Institute for Supply Management earlier this week also announced the manufacturing sector index for October. Jill Evans, portfolio manager of the Alpine Dynamic Fund in Purcahse, New York, considered that although consumer spending is still low, a number of elements such as manufacturers increasingly are expected to improve along with economic recovery in several countries.

Often falling dollar in recent weeks could make the price of U.S. exports become cheaper and attractive to foreign buyers. "I think we're having push-pull situation," said Evas, referring to the improvements in a number of business sector and consumer spending still low