CNBC.COM
Brace for more volatility in the week ahead as investors wrestle with dual concerns that stocks have gotten too pricey and that the economic recovery is just too uncertain. Stocks start November on wobbly footing, after the past week's selling helped erase October's gains and pushed the S&P 500 to its first monthly loss since March.
The Dow fell 2.6 percent for the week, finishing at 9712 but it was a half percent higher in October. The S&P 500, at 1036, was down nearly 2 percent for the week and 4 percent for the month, ending a run of 7 monthly gains.
Fresh manufacturing data Monday and the key October jobs report Friday are critical pieces of data for markets puzzling over the shape of the economic recovery. The dollar will continue to play a central role. The Fed's meeting mid week has taken on even more importance because of speculation members may want to signal they are looking ahead to higher interest rates. Many Fed watchers, however, do not believe the Fed will take any action or change language in its statement about interest rates until early next year.
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