The S&P 500 and the Nasdaq rose on Tuesday as most megacap stocks gained, with focus now moving to key inflation data later this week.
Read More Nasdaq, S&P gain on megacap boost in lead up to inflation reportTag: Federal Reserve
U.S. Economy Added 142K Jobs In August, Falling Below Expectations
The latest job growth report showed that job additions in August increased but missed economists’ estimates, with the unemployment rate staying nearly the same.
Read More U.S. Economy Added 142K Jobs In August, Falling Below ExpectationsTraders see Fed starting with 25 bps cut in Sept
Traders priced in a quarter-point Federal Reserve interest-rate cut this month with a bigger move expected at its next meeting.
Read More Traders see Fed starting with 25 bps cut in SeptReport: Job Openings Fall To Lowest Level Since Biden Took Presidency
Job openings across America spiraled down to their lowest level since the beginning of 2021, a very concerning notion that the labor market is cooling.
Read More Report: Job Openings Fall To Lowest Level Since Biden Took PresidencyFed rate-cut size this month to hinge on job market health
Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this month.
Read More Fed rate-cut size this month to hinge on job market healthWall St kicks off September on downbeat note at start of data-packed week
Wall Street’s main indexes fell over 1% as investors assessed latest factory activity data.
Read More Wall St kicks off September on downbeat note at start of data-packed week