U.S. stocks opened higher at the opening bell as investor digested an employment report that showed signs of wage growth slowing in a strong labor market. The Dow Jones Industrial Average DJIA, +0.71% was up 0.8% soon after the opening bell, while the S&P 500 SPX, +0.66% gained 0.7% and the Nasdaq Composite COMP, +0.30% rose 0.
5%, according to FactSet data, at last check. The U.S. Bureau of Labor Statistics said Friday that the U.S. added 223,000 jobs in December, with the unemployment rate edging down to 3.5%. Hourly earnings rose a modest 0.3% last month, slightly below forecast. The rise in wages over the past year slowed to 4.6% from 4.8%, the smallest increase since the summer of 2021.
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:
Surge I guess we have different definitions of a surge.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. stocks open higher ahead of Fed minutes, economic dataU.S. stocks opened higher on Wednesday as investors awaited a batch of economic data and the minutes from the Federal Reserve’s December meeting. The S&P 500...
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks rise as Wall Street attempts rebound on second trading day of 2023Stock futures inched lower in overnight trading Tuesday after markets kicked off 2023 on a sour note. Will be red by 11:00am dammit! 🦫 I see Cramer is ranting again about how he wants companies to layoff people in order to raise the stock price 5 minutes later he says he wants people to be laid off & not find new jobs or jobs paying less to bring down the economy How screwed up is that mindset…The Rich, meh! Tesla falls 10% on news of 40% yoy growth!! Fcuking analysts must be crazy!! Get real!!
Source: CNBC - 🏆 12. / 72 Read more »
Jim Cramer predicts these 10 Dow stocks will perform well in 2023.MadMoneyOnCNBC's JimCramer on Tuesday offered investors a collection of stocks that he believes will perform well this year. MadMoneyOnCNBC jimcramer How about Tesla? MadMoneyOnCNBC jimcramer MadMoneyOnCNBC jimcramer Cramer—smart guy—about two weeks ago—Tesla has peaked
Source: CNBC - 🏆 12. / 72 Read more »
MarketWatch Live: Stocks struggle to maintain gains ahead of Fed minutesMarketWatch Live: Stocks struggling to hold gains as Wall St. awaits Fed minutes Thanks POTUS 👍
Source: MarketWatch - 🏆 3. / 97 Read more »
JPMorgan's top picks for 2023, including two stocks coming off their worst performances in decadesThese are names the firm says are worth looking at despite the rocky year expected.
Source: CNBC - 🏆 12. / 72 Read more »
SPAC exec pleads guilty to defrauding clients to trade crypto, meme stocksFormer SPAC exec pleads guilty to defrauding people of $5 million to trade crypto and meme stocks 'Let them all go out of business.' - Chamath
Source: BusinessInsider - 🏆 729. / 51 Read more »