US stock futures edged up as Wall Street counted down to Apple (AAPL)’s annual iPhone event ahead of the release of critical economic data later this week. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) rose roughly 0.1%. Stocks rose on Monday, lifting…
Inflation data will highlight an otherwise tame earnings and economic calendar in the first full trading week of September as investor attention turns to the Federal Reserve’s next policy meeting. Stocks finished last week on a down note, with stocks sliding after a soft August jobs report served as the latest piece of evidence that…
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…
A number of stocks fell in the afternoon session after the August jobs report came in significantly weaker than anticipated, sparking fears of a slowdown in consumer spending. The U.S. economy added only 22,000 jobs last month, a stark miss from expectations, while the unemployment rate ticked up to 4.3%, its highest level since late…
Shares of financial services giant Charles Schwab (NYSE:SCHW) fell 5.8% in the afternoon session after a significantly weaker-than-expected U.S. jobs report sparked fears of an economic slowdown, dragging down the broader market and economically sensitive sectors like banking. The U.S. economy added only 22,000 jobs in August, falling far short of the estimated 75,000. This…
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…
The US labor market is slowing down. After a round of weaker-than-expected job market figures this week, the Bureau of Labor Statistics (BLS) will release the August jobs report on Friday morning at 8:30 a.m. ET. The report is expected to confirm these trends seen elsewhere in the US economy. Economists expect the US economy…
US stock futures climbed up as investors braced for key labor market data, with an interest rate cut now seen as all but certain. Futures attached to the Dow Jones Industrial Average (YM=F) traded flat. Futures attached to the benchmark S&P 500 (ES=F) ticked up 0.1%. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) rose…
St. Louis Federal Reserve president Alberto Musalem said Wednesday that he expects the job market to cool gradually and downplayed long-term concerns about inflation, an evolving stance that could open the door for support for rate cuts this fall. “With the pace of hiring low, any increase in layoffs could produce a more substantial labor…
(Reuters) -Futures tied to the S&P 500 and the Nasdaq rebounded on Wednesday with Alphabet leading gains in some megacap stocks, while Dow futures edged lower ahead of labor market data due to be released later in the day. Google-parent Alphabet jumped 5.8% in premarket trading after a Washington judge ruled late on Tuesday that…