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…
Stocks tumbled from record highs on Friday as data revealed the US labor market is not on as solid footing as previously thought. On the week, the S&P 500 (^GSPC) fell nearly 2.4%, while the Nasdaq Composite (^IXIC) slid 2.2% and the Dow Jones Industrial Average (^DJI) shed 1.2%. Markets will be greeted with a…
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…