New York Fed President John Williams said Friday there is room for “further adjustment in the near term” to interest rates – sparking traders to step up their bets on a quarter-point cut at the Fed’s December meeting. Williams argued labor market weakness still poses a bigger threat than inflation, leaving the door open for…
US stock futures were mostly up Sunday evening as investors came off a volatile stretch marked by the government shutdown ending, a stalled rally in the tech sector, and fading hopes for Federal Reserve rate cuts before a crucial update on the US labor market. Dow Jones Industrial Average futures (YM=F) held steady, while contracts…
Investors largely shrugged off the start of the US government shutdown, with the major indexes continuing to notch record highs as Wall Street leaned on AI momentum and expectations for further easing of interest rates by the Federal Reserve. The stock market rally, led by large-cap tech, comes even as Washington gridlock delays critical economic…
The government shutdown will throw important federal data-gathering activities for a loop, likely delaying Friday’s release of the hotly anticipated jobs report. The “employment situation” report, which shows the unemployment rate and number of new jobs created during the prior month, is a key gauge of economic health and closely watched by investors and policymakers…
The major averages finished this past week little changed, as a light economic and earnings calendar saw investors take the week’s events in stride, even President Trump’s latest tariff surprise late Thursday. In the week ahead, however, looming developments may prove more troublesome for financial markets. Tuesday is set to be a pivotal day for…
US stocks reversed course on Friday as investors took in a softer-than-expected jobs report, with imminent interest-rate cuts seen as certain after this week’s run of weak labor data. The S&P 500 (^GSPC) fell 0.3%, backing off the all-time closing high hit on Thursday, while the Dow Jones Industrial Average (^DJI) lost 0.5%. The tech-heavy…
US stocks reversed course sharply on Friday as investors took in a softer-than-expected jobs report, with imminent interest-rate cuts seen as certain after this week’s run of weak labor data. The S&P 500 (^GSPC) fell 0.4%, backing off the all-time closing high hit on Thursday, while the Dow Jones Industrial Average (^DJI) lost 0.5%. The…
Federal Reserve Chairman Jerome Powell signaled that the central bank might lower interest rates soon, which could reduce monthly credit card payments and facilitate borrowing for cars and homes, but he warned of economic challenges ahead.”In the near term, risks to inflation are tilted to the upside and risks to employment, to the downside. A…
WASHINGTON (AP) — When the coronavirus surged during President Donald Trump’s first term, he called for a simple fix: Limit the amount of testing so the deadly outbreak looked less severe. When he lost the 2020 election, he had a ready-made reason: The vote count was fraudulent. And on Friday, when the July jobs report…
US stock futures held near the flatline Sunday evening as Wall Street regrouped amid a slew of fresh headwinds, including disappointing labor data and continuing trade uncertainty. Futures tied to the S&P 500 (ES=F), Nasdaq 100 (NQ=F) and Dow Jones Industrial Average (YM=F) all held close to the baseline. The modest moves follow a sharp…