U.S. Stocks Tumble as Jobs Data Signals Economic Slowdown
U.S. stocks declined on Thursday following weaker-than-expected private sector job growth in August, as reported by ADP.
BTC$62,618.00-0.25%
ETH$1,784.25+0.38%
USDT$0.9988-0.04%
USDC$0.9999+0.01%
XRP$1.07-0.61%
SOL$75.19-1.62%
TRX$0.3249-1.59%
FIGR_HELOC$1.03+1.91%
HYPE$63.74-2.41%
DOGE$0.0723+0.10%
USDS$0.99970.00%
RAIN$0.0143-0.35%
LEO$9.54+0.05%
ZEC$507.59-1.85%
WBT$54.95-0.04%
BTC$62,618.00-0.25%
ETH$1,784.25+0.38%
USDT$0.9988-0.04%
USDC$0.9999+0.01%
XRP$1.07-0.61%
SOL$75.19-1.62%
TRX$0.3249-1.59%
FIGR_HELOC$1.03+1.91%
HYPE$63.74-2.41%
DOGE$0.0723+0.10%
USDS$0.99970.00%
RAIN$0.0143-0.35%
LEO$9.54+0.05%
ZEC$507.59-1.85%
WBT$54.95-0.04%
The August U.S. jobs report revealed mixed signals, with nonfarm payrolls increasing by 142,000, below expectations.
U.S. stocks declined on Thursday following weaker-than-expected private sector job growth in August, as reported by ADP.
Despite some positive economic indicators, concerns persist about the possibility of a hard landing.
The Dow Jones Industrial Average reached a historic milestone, surpassing 40,000 points, driven by optimism about interest rate cuts, easing inflation, and strong performances.
We quickly look at three stocks making the news today: 3M, Chubb, and Walmart, and why.
Bitcoin's price surged past $65,000 amid positive CPI data and favorable market sentiment, reaching its highest level since March.
US GDP growth slows to 1.6%, missing expectations. Major stock indices tumble in response.
VIX surges as U.S. markets sell off amid inflation fears. Gold prices soar to record highs.
SoundHound AI, Inc. (NASDAQ: SOUN) entered into a $150 million equity distribution agreement that allows the company to sell its Class A common stock.
The U.S. economy added 303,000 jobs in March, with significant gains in the health care, government, and construction sectors.
Personal Consumption Expenditures (PCE) saw a significant 0.8 percent increase, driven by growth in both the service and goods sectors.
Despite higher-than-expected inflation in February, traders remain confident that the Federal Reserve will cut interest rates in June.
JPM analysts have boosted its target for the S&P 500 index from 4,700 to 5,200, reflecting increasing economic optimism.