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February Jobs Report

All articles tagged with #february jobs report

Micron Stock Tumbles on Weak Jobs Data and AI-Export Hurdles
business1 month ago

Micron Stock Tumbles on Weak Jobs Data and AI-Export Hurdles

Micron Technology's stock slid about 2.8% in Friday trading after a weaker-than-expected February jobs report raised macro concerns, with ongoing U.S.-Israel tensions and reports that export licenses for Nvidia/AMD AI processors could tighten adding to the pressure; investors worry Micron’s high-bandwidth memory chips used in these processors could face headwinds, while higher energy costs and inflation could delay Federal Reserve rate cuts.

"Powell's Caution on Interest Rates as Treasury Yields Fall"
finance2 years ago

"Powell's Caution on Interest Rates as Treasury Yields Fall"

U.S. Treasury yields ended lower after the February jobs report showed higher unemployment, with the 10-year Treasury yield hitting a 5-week low. Despite the creation of more jobs than expected, the unemployment rate rose to a 25-month high, leading to market uncertainty about the state of the U.S. economy and the potential for interest-rate cuts by the Federal Reserve.