US stock futures trod water on Friday as investors marked time ahead of the last monthly jobs report of the year, a crucial test of the prospects for interest-rate cuts in December and beyond. Futures on the Dow Jones Industrial Average (YM=F) and the S&P 500 (ES=F) were little changed after the gauges drifted away…
US stock futures trod water on Friday as investors marked time ahead of the last monthly jobs report of the year, a crucial test of the prospects for interest-rate cuts in December and beyond. Futures on the Dow Jones Industrial Average (YM=F) and the S&P 500 (ES=F) were little changed after the gauges drifted away…
US stock futures were mixed on Wednesday, with the Nasdaq rising as Alphabet’s (GOOG, GOOGL) strong earnings boosted optimism for Big Tech results ahead of crucial GDP and labor market data. Contracts on the tech-heavy Nasdaq 100 (NQ=F) edged up roughly 0.2%, while S&P 500 futures (ES=F) hugged the flat line on the heels of…
The conflicting narratives about the US economy seem to have one thing in common: extremity. There are those who argue that America isn’t just on the edge of a recession but already in one: “The Sahm rule has triggered! The ISM is below 50! Payroll employment has been revised down by nearly 1 million!” The…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The labor market offered an unexpected surprise on Friday as the September jobs report showed 254,000 payrolls added in September — 104,000 more than expected. Worries of a flagging labor market have been…
September’s big payroll jump will eventually be revised down, Pantheon Macroeconomics said. A low response rate to the report is a “red flag,” the research firm said. The Fed will still deliver jumbo rate cuts to stabilize the weakening job market, the firm predicted. Thanks for signing up! Access your favorite topics in a personalized…
The U.S. economy added 254,000 new positions in the month of September, topping economist expectations of 150,000 jobs. Economic Policy Institute Senior Economist Elise Gould joins Morning Brief to share her insights on this latest labor market data. Gould emphasizes that this report reinforces the strength of the labor market, stating, “It was strong before,…
Stocks slipped on Thursday as Wall Street awaited the key jobs report and dissected a slew of economic data ahead of it. Meanwhile, the possibility of an Israeli retaliatory attack against Iran’s oil facilities sent oil soaring for a third day. The S&P 500 (^GSPC) dropped almost 0.2%, while the Dow Jones Industrial Average (^DJI)…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy likely maintained a moderate pace of job growth in September while the unemployment rate is expected to have held steady at 4.2%, which would further reduce the need for the Federal Reserve to deliver large interest rate cuts in its final two meetings of the year….
Stocks drifted higher over the past week, with the S&P 500 (^GSPC) notching several record closes as investors digested more signs of cooling inflation amid resilient economic growth data. For the week, the S&P 500 and Dow Jones Industrial Average (^DJI) were up about 0.7%. Meanwhile, the Nasdaq Composite (^IXIC) popped nearly 1%. In the…