It’s been a brutal start to March as markets reverse their Trump-driven euphoria following the president’s recent tariff war escalation and fears over slower economic growth in the face of stubborn inflation. Both the benchmark S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) have each erased their post-election gains, with the latter entering correction territory…
Mark Cuban warned the federal government’s abrupt and deep cuts are having spillover effects across the economy, eventually leading to a downturn. The latest jobs report showed solid gains, but it pointed to early effects of DOGE cuts and didn’t capture the wave of layoffs that have come more recently. Meanwhile, Wall Street is pricing…
The latest jobs report released Friday showed the construction industry increased its pace of hiring while unemployment for workers in the industry also rose. Data from the Labor Department showed that construction firms added 19,000 jobs in February, following a small gain of 4,000 in January. This marked the strongest month of growth since the…
US stock futures pushed higher early on Monday amid uncertainty about President Donald Trump’s plans to impose tariffs on major US trading partners this week, which brings a crucial jobs report and key retail earnings. S&P 500 futures (ES=F) climbed 0.2%. while those on the tech-heavy Nasdaq 100 (NQ=F) saw an 0.3% gain. Dow Jones…
The first week of March will bring investors a crucial jobs report and a range of key retail earnings that could have the potential to either stoke or allay fears about the US economy and the consumer showing some signs of stress. The February jobs report out Friday is expected to show hiring rose modestly…
Consumer inflation expectations jumped amid Trump tariff threats, the University of Michigan consumer sentiment index showed on Friday. That followed a January jobs report which was, on balance, on the hawkish side for Fed policy as the unemployment rate fell to 4% for the first time since May. Source link
The January jobs report showed that hiring remained cooled a bit last month, but the unemployment rate slipped to 4% for the first time since May. Average hourly earnings jumped. Cold weather, the Los Angeles fires and labor strikes may have influenced the data. S&P 500 futures were little changed, with Amazon falling after its…
The January jobs report showed that hiring remained cooled a bit last month, but the unemployment rate slipped to 4% for the first time since May. Average hourly earnings jumped. Cold weather, the Los Angeles fires and labor strikes may have influenced the data. S&P 500 futures were little changed, with Amazon falling after its…
Wall Street’s major indexes climbed on Friday, rebounding from the previous day’s sell-off as Amazon’s strong earnings countered a significant drop in US job growth in October. All three indexes still finished with weekly losses. The Dow Jones Industrial Average jumped more than 500 points after the release of the jobs report before paring gains. The…
Major indexes (^DJI, ^IXIC, ^GSPC) are trading slightly higher following October’s weaker-than-expected jobs report. Only 12,000 jobs were added to the economy, far below the 100,000 economists had forecasted. However, hurricanes and strikes weighed on the data. Investors now brace for two major market tests next week: the US presidential election and the Federal Reserve’s…