The Dow and broader U.S. stock market opened sharply lower Friday after a stronger-than-expected jobs report worked against the narrative that the Federal Reserve needs to cut interest rates to steer the economy in the right direction. Dow, S&P 500, Nasdaq Retreat from Record Highs All of Wall Street’s major indexes traded lower after the open, reflecting a weak pre-market session for Dow...
The Dow barrelled higher after Friday's opening bell, only to ebb lower throughout the morning session as the US stock market failed to secure a major bounce from reduced recession fears. Wall Street also grappled with Donald Trump's revelation that US-China trade negotiations would likely wrap up within the next four weeks. Dow Pares Gains Despite Bullish Jobs Report The Dow Jones Industrial...
U.S. job creation bounced back sharply last month, renewing optimism that the labor market was still on track following a sharp slowdown in February. The jump in nonfarm payrolls thrust Dow futures toward a major rally. Nonfarm Payrolls Rebound Employers added 196,000 workers to payrolls last month, well above the 175,000 expected, the Department of Labor reported Friday in Washington. The...
The Dow and broader U.S. stock market tanked on Friday after government data showed job creation slowed to a crawl in February, stoking fears that the world’s largest economy was barreling toward recession. Stronger than expected wage growth offered temporary reprieve but failed to instill confidence in an investing public that has seen manufacturing and housing activity tumble in recent months...