Monday, October 10, 2022

A tale of two jobs markets

September's hotly anticipated jobs data ended up cooling markets on Friday. Stocks fell sharply as investors evaluated the report, which showed more jobs than expected were added to the US economy and indicated that more pain-inflicting interest rate hikes from the Federal Reserve lie ahead.
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A tale of two jobs markets
September's hotly anticipated jobs data ended up cooling markets on Friday. Stocks fell sharply as investors evaluated the report, which showed more jobs than expected were added to the US economy and indicated that more pain-inflicting interest rate hikes from the Federal Reserve lie ahead. Read more »
 
Nobel Prize in economics awarded to trio including Ben Bernanke for work on financial crises
Former Federal Reserve Chair Ben Bernanke, Douglas Diamond and Philip Dybvig were awarded the Nobel Prize in economics on Monday for their work on banks and financial crises. Read more »
 
Stocks sink after JPMorgan Chase CEO Jamie Dimon warns of recession
So much for a sleepy Columbus Day on Wall Street. Stocks weren't doing much Monday morning but took a nasty turn lower in the afternoon following stark comments from JPMorgan Chase CEO Jamie Dimon, who warned that the United States is likely to enter a recession within the next six to nine months. Read more »
 
US economy will soon start losing 175,000 jobs a month, Bank of America warns
The Federal Reserve's fight to squash inflation will cause the US economy to start losing tens of thousands of jobs a month beginning early next year, Bank of America warns. Read more »
 
Amazon will invest $970 million in electric vehicles for its European fleet
Amazon said Monday it plans to spend €1 billion, or $972 million, on electric vehicles for its European fleet. Read more »
 
How not to run out of money in retirement
No one wants to run out of money before they die. Read more »
 
 
 
 
Dow Nasdaq S&P
-93.91   -110.30   -27.27
29,202.88   10,542.10   3,612.39
-0.32%   -1.04%   -0.75%
YTD -19.64%   YTD -32.62%   YTD -24.21%
 
Biggest Winners
McCormick & Company Inc +3.30%
 
Merck & Co Inc +3.29%
 
Mosaic Co +3.19%
 
Advance Auto Parts Inc +3.06%
Biggest Losers
Bio Rad Laboratories Inc -8.39%
 
Norwegian Cruise Line Holdings Ltd -7.67%
 
Las Vegas Sands Corp -7.55%
 
Ford Motor Co -6.89%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $90.74 -1.90 / -2.05%
Gold $1,675.40 -33.90 / -1.98%
10-yr 3.89% +0.01
Euro $0.97 -0.00 / -0.38%
More Markets Now
 
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