US stock futures tumbled across the board on Friday as the July jobs report showed more cooling in the labor market, fueling concerns the Federal Reserve's "higher for longer" interest-rate stance might end in recession. Dow Jones Industrial Average futures slumped 1.2%, or around 500 points, as a flight from stocks accelerated. S&P 500 futures sank 1.6%, while Nasdaq 100 futures dropped as much as 2.2% after the jobs report's release.
Those additional signs of a slowdown in the labor market are likely to feed recession fears and rate-cut expectations. Traders are pricing in three rate cuts this year — in September, November, and December — and bets are on a 50 basis-point reduction in September. The yield on the benchmark 10-year Treasury dived further below the 4% level after the labor-market update, trading around 3.84%.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
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.
Stock market news today: Nasdaq sinks, Nvidia drops 7% ahead of Big Tech earningsA packed day of earnings and the start of the Fed's July meeting continue a potentially pivotal week for stocks.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Stock market news today: Stocks whipsaw after steep Big-Tech sell-offEarnings misses have put the spotlight on the health of the economy after a Big Tech-led sell-off.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Stock market today: Wall Street opens mixed as Big Tech steadies itselfNEW YORK (AP) — U.S. stocks are stanching the bleeding, a day after their worst losses since 2022 led to a wipeout for financial markets circling the world.
La source: SooToday - 🏆 8. / 85 Lire la suite »
Stock market news today: US stocks steady after steep Big Tech-led sell-offEarnings misses have put the spotlight on the health of the economy after a Big Tech-led sell-off.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Stock market news today: US futures steady after steep Big Tech-led sell-offEarnings misses have put the spotlight on the health of the economy after a Big Tech-led sell-off.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Stock market today: Big Tech slumps after profits from Alphabet and Tesla fail to impressNEW YORK (AP) — Drops for Tesla and Google parent company Alphabet are dragging indexes lower after the Big Tech giants delivered earnings that failed to impress. The S&P 500 fell 1.
La source: SooToday - 🏆 8. / 85 Lire la suite »