Stock market today: Wall Street quiet ahead of consumer, labour reports

Top business headlines, all in one place

Also Tuesday, the government will issue its July report on job openings, with its broader jobs report for August coming on Friday. The job market is being closely watched because it has remained strong amid high inflation. Part of the Fed's goal in its interest rate raising campaign was to cool -- or "loosen" -- the labour market, but so far that hasn't happened.

Wall Street is betting that the Fed will hold rates steady again at its September meeting, according to CME's FedWatch tool. Bets are nearly evenly split, though, on whether it will raise rates one more time before 2023 closes. Markets are hoping to scratch out more gains before the end of the month after rebounding last week for their first winning week in what's been a brutal August for stocks in an otherwise gangbuster year.

U.S. Commerce Secretary Gina Raimondo said she and her Chinese counterpart agreed Monday to exchange information on U.S. export controls and set up a group to discuss other commercial issues. That signals possible hopes about bilateral communication, but various conflicts remain, including over technology, security and human rights.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Stock market today: Wall Street gains ahead of busy week of closely-watched economic reportsNEW YORK (AP) — Stocks closed higher on Wall Street as markets shift their attention from the Federal Reserve to more corporate earnings and economic reports. The S&P 500 added 0.6% Monday.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street opens higher after a rare winning weekNEW YORK (AP) — Stocks are opening higher on Wall Street as markets shift their attention from the Federal Reserve to more corporate earnings and economic reports. The S&P 500 was up 0.7% in early trading Monday. The Dow rose 274 points, or 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock futures steady with consumer confidence data on deck: Stock market news todayStock futures were little changed on Tuesday as investors prepared for a stream of economic data.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »