Asian stocks got off to a tentative start on Monday as Japanese markets wobbled, while the dollar nursed losses after a week in which it slipped to fresh lows against its major counterparts.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was a few ticks lower, after Wall Street ended with modest gains on Friday even as the S&P 500 .SPX still suffered its biggest weekly decline in two months.
Japan's Nikkei stock index .N225 skidded 1.2 percent in early trading.
The Dow Jones Industrial Average today (Friday) finished up 35 points, and the S&P 500 experienced its first weekly loss since February. Investors remain cautious about the first-quarter ending earnings season, which kicks off "unofficially" with a report by Alcoa Inc. (NYSE: AA). And investors have a good reason to be concerned. In fact, our Capital Wave Strategist Shah Gilani says that what's happening right now is similar to what happened in 2008, and it seems like everyone's ignoring the warning signs.
Here's what you need to know about the markets on April 8, 2016. First up, check out the results for the Dow Jones, S&P 500, and Nasdaq:
Dow Jones: 17,577.16; +35.20; 0.20%
S&P 500: 2,047.60; +5.69; 0.28%
Nasdaq: 4,850.69; +2.32; 0.05%
Reference: Reuters, Money Morning
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