It seems the market is reluctant to start another week, as disappointing economic data from Asia and pessimism about the onset of earnings season sent shares downward. At market's close, the Dow Jones Industrial Average
China was not the only Asian economy announcing bad news, as machinery orders in Japan declined at a record pace in May. Not to be excluded, Europe added to global economic woes, with yields on Spanish and Italian bonds edging higher with Spanish notes gaining ever closer to that 7% benchmark widely considered unsustainable.
In the United States, pessimism carried over from last Friday's disappointing jobs report into the start of earnings season. Aluminum producer Alcoa
Online entertainment hub Netflix
Coal company Alpha Natural Resources
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Charlie Kannel owns no shares of the companies mentioned above. The Motley Fool owns shares of Netflix. Motley Fool newsletter services have recommended buying shares of Netflix. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.