Stock market today: Weak US jobs data pummels markets as a global sell-off whips back to Wall Street

NEW YORK — U.S. stocks are tumbling Friday on worries about whether the U.S. economy’s growth can hold up until the Federal Reserve cuts interest rates, as a sell-off for stocks whips all the way around the world back to Wall Street.

It was just a couple days ago that U.S. stock indexes jumped to their best day in months after Fed Chair Jerome Powell gave the clearest indication yet that inflation has slowed enough for cuts to rates to begin in September. Traders are now betting on a nearly two-in-three chance that the Fed will cut its main interest rate by half a percentage point in September, according to data from CME Group. That's even though Powell said on Wednesday that such a deep reduction is “not something we're thinking about right now.”

Amazon fell 12.1% after reporting weaker revenue for the latest quarter than expected. The retail giant also gave a forecast for operating profit for the summer that fell short of analysts’ expectations. The yield on the two-year Treasury, which more closely follows expectations for Fed action, fell to 3.89% from 4.15% late Thursday and is back to where it was in May 2023.“While worries of a policy mistake are rising, one negative miss shouldn’t lead to overreaction,” according to Lara Castleton, U.S. head of portfolio construction and strategy at Janus Henderson Investors.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stock market today: Wall Street tumbles on worries about U.S. economy after weak jobs reportWall Street pointed sharply lower early Friday morning after a worse-than-expected government employment report spooked investors who were already panicked over signs of weakness in the U.S. economy. Futures for the S&P 500 were down 1.
Fonte: SooToday - 🏆 8. / 85 Consulte Mais informação »

Stock market today: Wall Street drifts, and crude oil slides ahead of a frenetic weekNEW YORK (AP) — U.S. stock indexes drifted to a mixed close ahead of a week full of earnings reports from Wall Street’s most influential companies and a Federal Reserve meeting on interest rates. The S&P 500 rose 0.
Fonte: SooToday - 🏆 8. / 85 Consulte Mais informação »

Stock market today: Wall Street drifts in mixed trading at the start of a frenetic weekNEW YORK (AP) — Stocls are mostly rising at the start of a week full of earnings reports from Wall Street’s most influential companies and a Federal Reserve meeting on interest rates. The S&P 500 was 0.
Fonte: SooToday - 🏆 8. / 85 Consulte Mais informação »

Stock market today: Asian stocks track Wall Street gains ahead of central bank meetingsAsian stocks started the week with gains ahead of central bank policy meetings in the United States and Japan, after a broad rally on Wall Street that capped...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

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.
Fonte: SooToday - 🏆 8. / 85 Consulte Mais informação »

Stock market today: Wall Street slightly lower as airlines post earnings ahead of latest GDP reportWall Street leaned toward losses before the opening bell Thursday as more earnings poured in while investors waited for the latest data on how the U.S...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »