Market Watch: Are world’s financial bubbles preparing to burst?

On the penultimate trading day of the week markets wavered a bit before ending the day up marginally. Today marked the 3rd straight day of gains.  Oil finished down 9 cents, closing at $34.57 a barrel. Investors are also keeping their eyes on tomorrow’s Labor Department jobs report which is due Friday morning.  Reuters conducted a poll of the nation’s leading economists who say they expect jobs in the U.S. to have increased by 190,000 this past February. 151,000 jobs were added in January of this year.  Today the Labor Department reported productivity decreased 2.2 percent in non-farm business in the last quarter of 2015, while costs increased 3.3 percent.  Manufacturing productivity actually went down  0.7 percent as costs increased 3.2 percent.

Meanwhile, high-profile author and Yale University lecturer Vikram Mansharamani, told CNBC today that financial bubbles are bursting everywhere and it all started with China. See more below.

Here are the final numbers from Thursday, 3/3/16 on Wall Street

Dow Jones Industrial Average: 16,943.90 (+44.58 / +0.26 %)

NASDAQ: 4,707.42  (+4.00 / +0.09 %)

S&P 500: 1,993.40  (+6.95 / +0.35 %)

Phil Cannella

Phil Cannella

As a partner with CBS Radio in Philadelphia, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella
- 23 hours ago
Phil Cannella
Phil Cannella

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