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MarketWatch for Monday, February 3, 2014

If you're keeping on top of the stock markets this morning, Monday, February 3, 2014....
If you're keeping on top of the stock markets this morning,  Monday, February 3, 2014....

The Nikkei is down 295 points today in Tokyo.
On Wall Street, the Dow fell nearly 150 points.
And the Nasdaq lost 19.


Wall Street rings in a new month with the same old worries. Investors are concerned about weak earnings and the global economy.

For the month of January, the Dow fell more than 5 percent, the Nasdaq lost nearly 2 percent and the S&P 500 gave back more than 3 percent.

Investors will get more clues about the economic recovery this week with the latest figures on factory orders, construction spending and productivity.

The major automakers release their January sales figures and the government will release the monthly unemployment report friday. Analysts are forecasting the economy added 185,000 jobs and the jobless rate held steady at 6.7 percent.

Friday marked the official start of the 2014 tax season. The IRS will now accept and process last year's tax returns. The start of tax season was delayed by 10 days because the government shutdown in October prevented the IRS from being able to update its systems on time. The filing *deadline* has not changed. Your taxes are still due by midnight, Tuesday, April 15th.

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