The Labor Department announced on Sept. 9 that the number of American workers who filed for unemployment last week hit a fresh pandemic-era low, giving an immediate upward jolt to risk assets like stocks and cryptocurrencies, followed by pullbacks as investors mulled mixed signals around the state of the economy. First-time filings for unemployment insurance—a…
Jobless Claims Fall to New Pandemic-Era Low, Market Reaction Mixed
Sharp Increase In Wages Contributing To Growing Concern Over Rising Inflation: Economist
An increase in wages has prompted concerns about growing inflation among economists as businesses attempt to entice employees back to work amid the COVID-19 pandemic. It comes after the Labor Department released its disappointing August jobs report which showed the U.S. economy added just 235,000 jobs during the month, versus expectations of around 750,000, while the unemployment rate declined…
Sharp Increase in Wages Contributing to Growing Concern Over Rising Inflation: Economists
An increase in wages amid weak hiring is prompting concern among economists about growing inflation as businesses attempt to entice employees back to work amid the COVID-19 pandemic. The Labor Department’s August jobs report showed the U.S. economy added a disappointing 235,000 jobs during the month, versus expectations of around 750,000, while the unemployment rate declined by just 0.2 percent to…
Market Pulse: Global Stocks Fall, Wall Street Futures Down, Dollar Lifts
September 8, 2021
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World stocks fell from the previous session’s record highs, European stocks dropped, and Wall Street futures were down on Wednesday on caution over the pace of economic recovery, while the dollar hit one-week highs as investors pared down their exposure to riskier assets. MSCI’s all-country world equity index fell 0.34 percent after seven consecutive days…
Market Pulse: European Stocks Edge Down, Wall Street Futures Flat, Dollar Steady Near One-Month Low
European stocks edged down, Wall Street futures remained largely flat, and the dollar hovered near a one-month low on the morning of Sept. 7. In Europe, the STOXX index of 600 European companies edged down 1.48 points, or 0.31 percent as of 6:30 a.m. New York time on Sept. 7, after recording its second-highest close in history…
European Stocks and Wall Street Futures Rise as Investors Mull Fed Taper Timing
European stocks and Wall Street futures edged up on Monday, aided by the chance that the Federal Reserve would delay tapering stimulus after last week’s disappointing U.S. jobs report. In Europe, the STOXX index of 600 European companies was up 2.92 points, or 0.62 percent, by 6:10 a.m. ET, not far off a record high hit…
European Stocks, Wall Street Futures Rise as Investors Mull Fed Taper Timing
European stocks and Wall Street futures edged higher on Sept. 6, aided by the chance that the Federal Reserve would delay tapering stimulus after last week’s disappointing U.S. jobs report. In Europe, the STOXX index of 600 European companies rose 3.26 points, or 0.69 percent, to 475.19, its second-highest close in history. The German DAX…
Stock Futures Up, European Equities Down, Dollar Near Lows Ahead of Key Jobs Report
Wall Street futures were up, European stocks slipped, and the U.S. dollar held near monthly lows on Friday ahead of the much-anticipated release of the key non-farm payrolls report later in the day that could spur the Federal Reserve to an earlier tapering of stimulus. By 5:16 a.m. ET, Dow futures contracts were up 0.04…
Stock Futures Rise Ahead of Unemployment Data Release
Wall Street futures edged up on Thursday as investors looked to the weekly jobless claims filings later in the day for further clues on the labor market recovery that plays a key role in the Federal Reserve’s expected plans to pull back on easy money policies that have buoyed markets. At 7:13 a.m. ET, Dow…
Stocks End With Tiny Gains, Enough to Nudge Nasdaq to Record
Stocks inched mostly higher on Wednesday, enough to nudge the Nasdaq composite index to an all-time high. Markets continue to remain quiet ahead of Friday’s jobs report and the Labor Day holiday in the United States on Monday. The S&P 500 index rose 1.41 points, less than 0.1 percent, to close at 4,524.09. The Dow…
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