Stock Market News Today: Indexes slide as investors await jobs report

US stocks slipped Thursday with investors taking in this week's employment data and looking ahead to Friday's March jobs report.

Jobless claims for the last week were higher than expected, and private payrolls data on Wednesday came in below expectations for March, according to ADP. Additionally, the number of job openings dropped below 10 million in February for the first time in almost two years. Over the past year, the Federal Reserve has raised interest rates in a bid to cool inflation — which soared to a four-decade high last summer — though the labor market has largely remained resilient, complicating the Fed's efforts.

"We think the effect of the banking debacle still has not impacted employment. But this honeymoon will end as soon as the second quarter. Thus if somehow this March came in like a lion, April will exit like a lamb."Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Thursday:

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: Job opening fall suggesting weaker economyUS stocks snap 4-day winning streak as job openings fall and JPMorgan boss warns of more bank turmoil Oh?
Source: BusinessInsider - 🏆 729. / 51 Read more »

STOCK MARKET NEWS: FedEx cost cuts, ADP jobs data, Walmart investor day, gold nears recordInvestors digest ADP’s private sector jobs report ahead of Friday’s government data, Walmart hosts investor day, FedEx shakeup combines units in cost saving move, J&J shares rise on talc lawsuit settlement, gold nears all-time high. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. Do you think $FDX increasing its dividend makes it still worthwhile in the portfolio? Don't you love it when Larry Fink or someone from Black Rock comes on. That Elizabeth Claiborne and gasparino almost immediately dropped their knees like a rat eating cheese. It's embarrassing their slobbering all over him Reduce Fedex expenses means layoffs and Walmart replace by robots or AI 2024 -2026
Source: FoxBusiness - 🏆 458. / 53 Read more »

Stock market news: Traders digest jobs data that shows hiring slowedUS stocks drop as traders digest jobs data that shows hiring slowed in March
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market news: Soft jobs data revives recession fearsUS stocks end mixed as soft jobs data revives fears of a looming recession
Source: BusinessInsider - 🏆 729. / 51 Read more »

STOCK MARKET NEWS: Jobs data, Yellen & IRS, Tesla’s master plan, dollar pressureInvestors digest jobless claims ahead of Friday’s employment report, Yellen on IRS funding, U.S. dollar under pressure, Elon Musk maps out Tesla’s master plan, Chipotle sues Sweetgreen. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »