U.S. stocks on Wednesday posted another round of sharp losses in only the second session in October, sparked by a private-sector employment report that reflected a weakening domestic labor market. Automatic Data Processing's weaker-than-expected payrolls figures, combined with the weakest manufacturing report from the Institute of Supply Management on Monday, have intensified anxieties about a creeping economic slowdown that is washing up on U.S. shores.
All 11 sectors in the S&P 500 fell for consecutive days for the first time since December of 2018. Payroll firm ADP said that 135,000 private-sector jobs were created in September, below expectations and marking a significant decline in the pace of job growth. Meanwhile, the U.S. Energy Information Administration reported that U.S. crude oil inventories rose for the third week in a row, compounding fears of a slowing global economy and sending energy stocks down 2.6% on the day.
Stupid headline and article. 1% and 2% daily drops have happened at least few times a year since investing began. Notice the media focuses on point drop and not percent drop. A 270 point “PLUNGE” sounds scarier than a 1% decline. Got get those clicks to justify their existence.
Yeah so!!! All 3 indices are up double digit %s YTD STILL!!! This is the dumbest tweet I’ve seen in awhile
CapitaIMarkets DAT AIN SHEEEEIT NUGGA. BTFDers bout to get Fugggged up!
It's not the why its the who! The 1% and family offices are cashing out...
christmas really preparation
is that bad
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Source: MarketWatch - 🏆 3. / 97 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »