Stock market news today: Dow falls 543 points ahead of jobs report

Major indexes gained early in the day on softer labor market data in the form of higher than expected jobless claims, data which could help influence the Fed to keep its next rate hike small. Claims rose 21,000 to 211,000 over the last week, the largest surge in five months.

Stocks, however, reversed course to slide in afternoon trading, with the Dow losing over 500 points as investors turned their focus to Friday's non-farm payrolls report. Markets are betting that a 50 basis-point rate increase is likely at the March meeting of the Federal Open Market Committee following Fed Chair Jerome Powell's testimony to Congress this week, in which the top central banker struck a hawkish tone on inflation and future rate hikes.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stock market news today: Dow sinks 574 points on rate fearsDow drops 574 points as Fed chief Powell opens the door to steeper rate hikes
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »

Stock Market Today: Dow Closes Lower, Nasdaq Gains After Powell's TestimonyBreaking: Silvergate Capital, one of the top crypto banks, is shutting down. It said it will repay all deposits. hoss_crypto HKCM1 Crypto... 'BANK' 🤣
Fuente: WSJ - 🏆 98. / 63 Leer más »

Stock Market Today: Dow Drops 250 Points in Midday TradingThe four biggest U.S. banks lost $47 billion of market value today, part of a broad rout across financial stocks Maybe employees should be held personally accountable for these losses. 🤑
Fuente: WSJ - 🏆 98. / 63 Leer más »

Stock market today: Dow dives as bruised banks rattle sentiment; Jobs data eyed By Investing.com*S&P 500 SINKS TO 7-WEEK LOW AS BRUISED BANKS RATTLE SENTIMENT AHEAD OF JOBS REPORT $DIA $SPY $QQQ 🇺🇸🇺🇸 Jerome say this coming with the Banks..... Good read
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Dow falls slightly as U.S. stocks end mixed after Fed Chair Powell’s testimonyU.S. stocks closed mixed Wednesday, with the Dow Jones Industrial Average booking back-to-back losses after Federal Reserve Chair Jerome Powell’s second day... Powell needs to take a deep breath, and hold it for about a month or two.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »