US stocks wobbled on Thursday as investors digested more weaker-than-expected labor market data that could help set expectations for both interest-rate cut hopes and the health of the US economy. The S&P 500 wavered around the flatline, while the Dow Jones Industrial Average fell 0.3%. The tech-heavy Nasdaq Composite rose 0.3%, amid bumpy trading for all three benchmarks. The gauges finished Wednesday's volatile session mixed as their sluggish start to September continued.
Together, the jobs market data serves as an appetizer for Friday's jobs report for August, crucial to the Fed's policy decision making and closely watched amid hopes for a "Goldilocks" economy. Stocks are seesawing with the market torn between conflicting impulses as data releases paint a downbeat picture of the economy. Recent soft readings make the case for deeper rate cuts.
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:
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 today: Dow slides 600 points, Nasdaq sinks 3% as Nvidia leads chip sell-offWall Street is hunkering down after a roller-coaster August, with the prospect of a potentially stormy September ahead.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Dow hits record, S&P 500, Nasdaq rise despite fall in Nvidia sharesThe dust is settling after Nvidia's solid but disappointing earnings, as investors reassessed the prospects for techs.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Dow closes at record high, S&P 500, Nasdaq slide as tech lagsStocks are eyeing a bid for fresh record highs after Jerome Powell made it crystal clear the Fed is ready to pivot to lowering rates in September.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: S&P 500, Nasdaq, Dow rise as wait for Powell beginsInvestors are counting down to a speech by Jerome Powell at Jackson Hole that could reset rate-cut expectations.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Nasdaq edges higher, Dow drops as investors await key signals on inflation, economyWall Street is coming off a whipsaw week that has left markets jumpy and 'on edge.'
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Dow futures pull back from highs as focus turns to jobs reportWall Street is hunkering down after a roller-coaster August, with the prospect of a potentially stormy September ahead.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »