Wall St fluctuates as investors weigh jobs report, earnings on tap By Reuters

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

*TECH SHARES WEIGH ON WALL ST AS JOBS REPORT FUELS RATE-HIKE WORRIES $DIA $SPY $QQQ 🇺🇸🇺🇸

and the Nasdaq moved lower on Monday as investors digested Friday's employment report and prepared for an eventful week of inflation data and bank earnings.

"Investors are a little nervous," said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York."There’s the perpetual question of whether the consumer is going to come through, and if earnings going to be robust enough to carry stocks higher or whether we going to head into a recession."

While the report signaled the Fed's restrictive policy is beginning to have its intended economic dampening effect, it raised the odds that the central bank will move forward with another 25 basis point increase to the Fed funds target rate at the conclusion of its May policy meeting. Recent indicators suggest a softening but sturdy economy, one that can withstand hawkish Fed policy as the central bank works to bring inflation closer to its 2% annual target.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The whole market is alive! And thiss is justt thee beginning!! 💸

New article

Bullrun!

Everything is bullish for the markets there Is no news left which could be bearish even bearish news are bullish news

Thee best cryptoo team!!

Incredible!! Very cool!!

Its been a tough day for tech stocks as the jobs report has investors worried about potential rate hikes.

Hype!

Hee revealedd all thee secretss

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:

 /  🏆 450. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines