5 things to know before the stock market opens Wednesday

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

U.S. stock futures point to a sharp drop at Wednesday's open on Wall Street, which would add to Tuesday's plunge.

stoked worries over the U.S. economy. Tuesday's losses, which were the worst since Aug. 23, erased the Dow's entire third-quarter gains. However, the Dow still sits only about 3% below its July all-time highs.Market odds on another quarter-point Federal Reserve interest rate cut next month to boost the economy moved up to nearly 64%. Whether those chances for a rate reduction go up or down could depend on two key reports this week on the labor market.

Wednesday, is expected to show a gain of 125,000 positions. The other important jobs snapshot comes Friday with the government's September employment report.A police officer scuffles with a pro-China demonstrator as anti-government protesters rally at Wan Chai district, on China's National Day in Hong Kong, China October 1, 2019.

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:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The number one thing to know is The crash is coming, or correction rather, the one that should have been felt back in 09 without QE. Blame trumps economic policies. The spinmasters will blame anything but the plutocratic tax cuts, merica first nonsense.

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.

Wall Street market strategists see solid fourth quarter despite impeachment inquiry, trade warThe stock market should have a solid fourth quarter, even with turbulence that could come from the impeachment inquiry and trade tensions. Because Trump will not be impeached no matter how hard democrats try to destroy our economy to do it. Really? This is how China is developing The USA is been left so far behind is pathetic. All is due to the fact we have a moron as president Almost like they’re blindly loyal to market going up as long as any gop (even orange baboon) occupies white house
Source: CNBC - 🏆 12. / 72 Read more »