Market sees moderate losses ahead of key job, bank reports
Associated Press
NEW YORK — Sometimes a down day on Wall Street can be a good thing — especially when it shows that investors are carefully weighing their next steps.
Traders collected a few profits yesterday, leaving the major indexes with fairly modest losses, as the market waited for key reports on the government's assessment of banks' health and the latest numbers on jobs.
But stocks held on to most of their gains from Monday, which saw the Standard & Poor's 500 index recoup the last of its losses since the beginning of the year.
