Are Stocks Still a Bargain?
Stocks declined on the first trading day of the month and quarter as investors were disappointed by a weaker-than-expected ISM manufacturing report, but an upbeat news on construction spending helped put a limit on losses.
(Read More: Second Quarter Begins, Markets Are Slightly Defensive)
If the S&P 500 finishes in the red, it would be the first time since the fourth quarter of 2011 that the index has been down on the first trading day of a quarter. The Dow Jones Industrial Average declined, dragged by Intel and Alcoa.
The S&P 500 and the Nasdaq also slipped. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped above 13.
That said, we want to hear from you — are stocks still a bargain?
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