Stock Market Today: Dow recovers from losses seen after September jobs blowout

Stocks are rallying Friday after a 'blowout' monthly jobs report, a reminder of how messy containing inflation can be to tame once it's out of the can. The still-hot labor market might be spurring more worry that interest rates, at the highest in two decades, may not yet be high enough. But stocks just turned higher? The Dow Jones Industrial Average advanced about 300 points ahead of midday, up 0.

'Given how hot the job market is and how resilient the consumer is, it appears that the rapid rise in interest rates that we’ve seen – 550 bps in a year and a half – still hasn’t dampened the economy,' Chris Zaccarelli, chief investment officer for Independent Advisor Alliance, wrote in emailed comments. 'One of the big oxymorons on Wall Street is whether Good News is good news or Good News is bad news?' For now, the good news on a powerful employment picture in the U.S.

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 snaps losing streak as Treasury yield storm calmsStock Market Today: Dow snaps losing streak as Treasury yield storm calms
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: Dow, S&P Slip Ahead of Job's Report; Rivian, VinFast Stocks in FocusLive coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »

Stock Market Today: Dow ends flat as investors on edge ahead of jobs reportStock Market Today: Dow ends flat as investors on edge ahead of jobs report
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: Dow, S&P 500 Open Lower After Jobs Report Comes in HotLive coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »

Stock Market Today: Dow, S&P 500 Open Lower After Jobs Report Comes in HotLive coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »

Stock Market News Today: Dow, S&P 500 Open Lower After Jobs Report Comes in HotLive coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »