The major US indices all moved up over 2% on Friday on the back of the Goldilocks US jobs report. We are seeing follow-through buying in early trading today. A snapshot of the markets 10 minutes into the opening, is showing: Dow Industrial Average up 92.03 points or 0.27% at.
US December non-farm payrolls +223K vs +200K expected ISM December US services 49.6 vs 55.0 expected US factory orders for November -1.8% versus -0.8% estimate Canada December employment change 104.0K vs 8.0K estimate Fed’s Cook: Recent data suggest worker compensation is starting to decelerate Fed’s Bostic: Today’s jobs data does.
A strong start in US equities didn’t last 15 minutes as the S&P 500 gave back a 44 point gain. The Nasdaq is now also down 0.3% led by a 6% plunge in Tesla shares and ongoing pain for other megacap tech names. The moves have translated to a strengthening.
The major US indices are opening higher led by gains in the Dow Industrial Average and the S&P index. The NASDAQ index is lagging. Better wage data has helped the tone a bit, but levels are already lower in early trading. A snapshot of the market 10 minutes into the.
Yesterday’s losses in US equities have been nearly erased as the S&P 500 surged 44 points to 3876 at the open but that would be a short-term high as some selling has crept in over the past few minutes, halving the gains. The index continues to trade inside the recent.
Prior report 10.1 K Employment change 104.0K vs 8.0K estimate Unemployment rate 5.2% versus 5.2% expected. Prior month 5.1% Full-time employment 84.5K versus 50.7K last month Part-time employment 19.5K versus -40.6Klast month participation rate 65.0% versus 64.8% last month average hourly wages 5.2% versus 5.4% last month record high employment.
US equities stumble lower ahead of non-farm payrolls The ninth vote is underway for the Speaker of the House Preview: December non-farm payrolls by the numbers Bullard: Prospects of a US soft landing have increased Pioneer Natural Resources CEO: “There’s no extra supply in the next 5-7 years” More from.
Closing changes for the main North American indexes: S&P 500 -44 points to 3808, or -1.2% Nasdaq Comp -1.5% Russell 2000 -1.1% TSX Composite -0.5% At some point, we’re going to break the range. This article was written by Adam Button at www.forexlive.com.
The dollar was hot one day and cold the other, with the yen also observing something similar in a sharp fall in trading yesterday. Despite the dollar’s slump, USD/JPY pushed up to above 132.00 as buyers stuck in there and kept a defense of the 130.00 handle. So far today,.
Dow Jones / Wall Street Journal (gated) with the headline, citing unnamed sources. As of September, Amazon employed 1.5 million people, with a large percentage of them in its warehouses. The layoffs are concentrated in the company’s corporate ranks, some of the people said. This article was written by Eamonn.
ISM manufacturing PMI for December 48.4 vs. 48.5 estimate FOMC minutes: Most participants emphasized ‘flexibility and optionality’ on rates JOLTS job openings 10.458M vs 10.000M estimate Feds Kashkari:Appropriate to continue interest rate hikes at least atthe next few meetings Redbook sales rise 10.2% w/e YOY McCarthy loses another vote Markets:.
Following the more hawkish than expected FOMC meeting, the market sold off going into the Christmas holidays, including the Dow Jones. The lower volume and news flow during the holidays led to a rangebound market. The risks now are a deep recession coupled with a possible overtightening from the Fed..