News Formal

Stocks fall after gains for worker wages fan inflation fears

  • 📰 wjxt4
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Österreich Nachrichten Nachrichten

Österreich Neuesten Nachrichten,Österreich Schlagzeilen

Wall Street was listless early Friday ahead of the government's monthly jobs report, which could reveal whether the job market has loosened enough to impact the Fed's rate hike decision later this month.

The New York Stock Exchange is seen in New York, Thursday, Feb. 24, 2022. Markets are opening mostly higher on Wall Street Friday after a wild ride a day earlier. The S&P 500 added 0.4% in the early going, following even bigger gains in Europe.

Stocks had been on the upswing for more than a month on hopes that the worst of the nation’s high inflation may have passed already. That fed expectations for the Federal Reserve to ease up on its fusillade of big interest-rate hikes, which are supposed to undercut inflation by slowing the economy and dragging down on prices of stocks and other investments.showed that wages for workers rose 5.1% last month from a year earlier. That’s an acceleration from October’s 4.

“The most important number for the Fed is probably the wage number,” said Brian Jacobsen, senior investment strategist at Allspring Global Investments. The yield on the two-year Treasury jumped to 4.34% from 4.24% late Thursday. The 10-year yield, which helps set rates for mortgages and many other loans, rose to 3.56% from 3.51%.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 246. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Federal Reserve chair signals slowdown in rate hikes, stocks rally on Wall StreetWall Street closed out a solid November with a broad market rally Wednesday after the head of the Federal Reserve said the central bank could soon begin easing up on its aggressive interest rate increases aimed at taming inflation.
Herkunft: DenverChannel - 🏆 239. / 63 Weiterlesen »

US stocks drop after strong wage gains fan inflation worriesWall Street is set to fall when trading opens Friday on renewed worries about inflation after a report showed wages for U.S. workers are accelerating faster than expected.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »

One of Wall Street's biggest bulls now sees stocks falling early next year as Fed 'overtightens'Once one of Wall Street's most vocal bulls, JP Morgan Chase & Co. equity analyst Marko Kolanovic released a much more downbeat outlook for stocks on...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Stock Market Today: Dow Gains Over 700 Points After Fed Chair Powell's SpeechStocks rallied, with the Dow rising more than 700 points to exit a bear market
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »