Stock market today: Dow slips as jobs gains deliver big blow to Fed pause bets By Investing.com

517,000 jobs last month, well above economists’ estimates of 185,000. Average hourly earnings slowed to 4.4% in January from the prior month, but were above estimates of 4.3%. The unemployment rate fell to 3.4%, the lowest level since May 1969.

“We now make another 25bp hike at the March FOMC our base case, raising the peak fed funds rate this cycle to 4.875%, with more upside risk if labor market data continue to move from strength to strength,” Morgan Stanley, ditching its estimate for a Fed pause next month. Consumer stocks led the broader market lower, pressured by a 8% slump in Amazon.com Inc after the e-commerce giant reported fourth quarter earnings that missed on the bottom line and softer guidance for Q1 amid growth in its cloud business.

Another good news is bad news trading day 😕

Not my 'TESLA'🔥🔥🔥

Not my 'TESLA'🔥🔥🔥

Well that and terrible earnings.

Gold had a big move!

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Stock Market Today: Dow Slips 150 Points Post-Fed; Meta Stock SurgesThe Nasdaq is up 3% midday as tech shares lead a post-Fed rally. Earnings results from Apple, Alphabet and Amazon are due after the bell.
Source: WSJ - 🏆 98. / 63 Read more »

Dow and S&P 500 updates: Stock market news todayThe US job market is expected to have remained strong in January, adding 185,000 jobs. That's about on par with America's average monthly job growth over the past decade, but it would represent a slowdown from the strong post-pandemic gains of the past couple years. And Republicans will again say their greatest Shoutout! 'Its fake, fake fake fake! Republicans wants to make americans miserable so they can play the 'blame-game'... as usual Politics Can someone tell me where the recession is I'm still trying to find it...😄 We’ll duh…most illegal came here to work.
Source: CNN - 🏆 4. / 95 Read more »

Stock market news today: Blockbuster jobs report suggests hawkish FedUS stocks fall after blockbuster January jobs report suggests more hawkish Fed moves ahead This mfer said “fall” 🤡
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market news today: Stocks end the week higher after earnings, FedUS stocks drop but end the week with strong gains after latest Fed move and mega-cap earnings 'Lucky us! Nothing like a little stock market roller coaster to get the adrenaline going!'
Source: BusinessInsider - 🏆 729. / 51 Read more »