Stock sell-off, Sahm rule, rate cut predictions: Market wrap

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Top Market Movements News

Business Business Latest News,Business Business Headlines

The major indexes (^DJI, ^IXIC, ^GSPC) closed sharply lower following a weaker-than-expected July jobs report. Yahoo Finance reporter Josh...

analyzes the day’s top market movements, including the market sell-off, the triggered Sahm-rule recession indicator, and shifting Federal Reserve rate cut expectations.Stock selling off to end the trading week as the July Jobs report shows more cooling in the labor market.You just talked about that July Jobs report and that's what we're gonna start with today.

And so what economist Claudia Sam was looking at here when she did this study for the FED was the unemployment rate on a three month moving average versus the previous 12 month low.And if that gets above 0.5 as it did today, when we got that 4.3 a recession has always come after it.Basically 100% pretty good.

CARACAS, Venezuela — Half a dozen masked assailants ransacked the headquarters of Venezuela’s opposition Friday in an escalation of violence against President Nicolás Maduro’s opponents after several countries called for proof of his claim he had won the disputed presidential election.2024 Paris Olympics soccer: How to watch the USWNT vs. Japan gameThere are many whole grain bread options in stores, but few have simple ingredients.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: Dow leads stock comeback from steep sell-offEarnings misses have put the spotlight on the health of the economy after a Big Tech-led sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stock futures steady as S&P 500, Nasdaq try to build on recordsA consequential week that could provide key signals for the near-term path of interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Visa earnings, job market, stock market trends: Asking for a TrendToday's episode of Asking for a Trend, hosted by Josh Lipton, delves into earnings reports, market movements, and wage growth trends. The spotlight is on...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Mag. 7 rotation, earnings, Sahm Rule: Market TakeawaysThe so-called Magnificent Seven — the grouping of tech stocks comprised of Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta (META...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market tanks, recession fears rise after weak US jobs reportThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »