Stocks close mixed after strong jobs report adds fuel to Fed plan to hike interest rates

The S&P 500 slipped 0.1% in the early going Friday, but was back up by nearly as much as of noon Eastern time, ending the day up by .5%. The Dow dropped 0.06% and the tech-focused Nasdaq composite rose 1.6%.

Friday's moves followed a tumultuous Thursday, when the S&P 500 fell 2.4%, its biggest drop in nearly a year, weighed down by the , as Facebook's owner is now known, on news that nearly two decades of explosive growth in its core social media business may have peaked. Meta's mauling erased more than $230 billion in market value, easily the biggest one-day loss in history for a U.S. company. The stocks of Twitter and other social media companies also fell, and the Nasdaq gave up 3.7%, its biggest loss since September 2020.

"The jobs report blew away expectations across the board," Cliff Hodge, chief investment officer for Cornerstone Wealth, said in an email."The report is unequivocally good for the economy, but not for markets as the strength in the numbers presents another data point which supports more aggressively hawkish Fed action" against rising inflation.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Bitcoin surges toward $39K as stocks volatility keeps Wall Street on edgeFeb. 4 delivers more of the same for both tech stocks and crypto, with Bitcoin adding $1,000 on the Wall Street open. ⭐️NEW ARTICLE ABOUT PoorQuack⭐️ PoorQuack $POOR CryptoAmb BSC BNB Memes memecoin NFT NFTs MemeTech Bitcoin BTC $BTC Ethereum Binance BinanceNFT staking StakingRewards $QUACK BSCGem BSCGemsAlert BSCGems BSCNews BSCStation Solana
La source: CryptoPanicCom - 🏆 563. / 51 Lire la suite »

Wall Street analysts say to bet on these global stocks heading into earningsAs Europe's earnings season begins in earnest, CNBC Pro uncovers some of Wall Street's top picks. Lol hahaah Wallstreet wants to sell those to us? Naaah I am fine. Looks like a electric circuit Here’s what I truly don’t understand, you have almost 4,000,000 followers, and you are probably the number one financial TV station in the US… YET you have less than five comments in under three hours
La source: CNBC - 🏆 12. / 72 Lire la suite »

Stocks rise on Wall Street, extending their weekly gainsStocks closed higher on Wall Street Wednesday, putting major indexes on track to extend their weekly gains I always hated Bitcoin and thought it was a scam,till I met Allison_Grillo I made my withdrawal of $45,000 in 2 weeks thanks to Allison_Grillo Now am financially stable . Some months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn $50,000 now am financially stable. PSA: Even Spotify
La source: latimes - 🏆 11. / 82 Lire la suite »