US stocks fell on Tuesday to kick off a historically tough month for markets, as attention turned to a week of labor data highlighted by a crucial monthly jobs report. The Dow Jones Industrial Average slid roughly 0.5% on the heels of a winning session booked before the Labor Day break. The S&P 500 dropped 0.6%, while the tech-heavy Nasdaq Composite pulled back 0.8%.
With inflation now cooling, policymakers are on alert for the labor market to fall into place. For investors, the focus is on whether the signs of slowing in the July jobs report were overstated — or an early warning of a broader slowdown. Any hints of stress should put pressure on the Fed to make a bigger reduction in rates. As of early Tuesday, traders were pricing in 31% odds of a 50 basis point cut instead of 25 basis points, per the CME FedWatch Tool.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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: Stocks wobble as Wall Street looks to end volatile week on high noteA wild week on Wall Street is coming to a close.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Dow futures stumble to start September as crucial jobs report lies aheadWall Street is hunkering down after a roller-coaster August, with the prospect of a potentially stormy September ahead.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street hovers around records ahead of Nvidia earnings and inflation dataNEW YORK (AP) — Wall Street is hovering around record highs at the start of a week featuring another full slate of corporate earnings and the government’s...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street climbs ahead of speech by Fed chief PowellNEW YORK (AP) — Stocks are climbing on Wall Street, but the market’s focus is thousands of miles to the west, where the head of the Federal Reserve is about to give a highly anticipated speech about interest rates. The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street weakens ahead of a highly anticipated speechNEW YORK (AP) — U.S. stocks closed lower as Wall Street counted down to its main event for the week, a speech by Federal Reserve Chair Jerome Powell coming up on Friday. The S&P 500 lost 0.9% Thursday, its worst day in more than two weeks.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street ticks closer to record heights ahead of a highly anticipated speechNEW YORK (AP) — U.S. stocks are ticking higher Thursday as Wall Street counts down to what’s supposed to be the main event of the week, a speech by Federal Reserve Chair Jerome Powell coming on Friday. The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »