All articles tagged with #jobs data
Stocks closed lower on Friday after stronger-than-expected jobs data boosted bets on a Fed rate hike and pushed Treasury yields up, but the S&P 500 and Nasdaq still posted weekly gains as AI-focused Magnificent Seven stocks helped support sentiment.
Fed Chair Kevin Warsh argues for a market-driven approach to policy, saying inflation remains too high and that the jobs report alone won’t dictate the Fed’s next move. He introduces a real-time framework (inflation breadth, payrolls, unemployment, and initial claims) and a six‑cluster view of market signals to gauge whether financial conditions tighten or loosen after data, signaling that markets may shape the Fed’s rate path more than the Fed dictates it.
ADP said U.S. private payrolls rose by 38,000 in August, the slowest pace in seven months and below the roughly 47,000 consensus, with gains concentrated in healthcare and also seen in construction and finance, signaling a choppy labor market ahead of the official BLS release.
Asian stocks swung between gains and losses as tech volatility persisted while investors awaited Friday’s U.S. nonfarm payrolls data to gauge the Fed’s rate path; Tokyo’s Nikkei inched higher as the yen strengthened on BOJ rate-hike bets, while China and Korea posted mixed moves as yields eased and oil cooled after a rally.
U.S. stock futures sit near flat after August’s rally, with the Dow up 1.3% for the month and the S&P 500 and Nasdaq higher; sentiment cooled late as oil rose and rates climbed after U.S. strikes on Iran, fueling risk-off pressure. Investors expect September to be challenging amid a heavy economic calendar (manufacturing/services data this week and Friday’s jobs report) and ongoing Middle East tensions, keeping markets mixed and Asia weaker.
U.S. stock futures drifted lower Sunday ahead of August jobs data (expected +58,000 payrolls; unemployment seen at 4.1%) and a week of tech earnings, while oil prices rose on news of a U.S.-Venezuela crude deal to refill the Strategic Petroleum Reserve and rising geopolitical tensions; Brent around $90 and WTI near $85 as investors await the data and results from Broadcom, Dell and Hewlett Packard Enterprise.
A fresh look at August employment data and Broadcom earnings will test the stock-market rally near record highs as traders weigh the Fed's rate trajectory after Nvidia's upbeat guidance.
U.S. stocks rose as cooler inflation (soft PPI) and strong earnings supported sentiment that the Fed will hold rates; the Dow added about 150 points to 52,659.18, the S&P 500 rose to 7,572.43, and the Nasdaq 26,269.23 as futures were mixed but broadly higher. Lower Treasury yields aided demand for growth names, especially mega-cap tech, with investors awaiting Thursday’s retail sales and jobless claims data. UnitedHealth and Netflix were eyed for earnings; after-hours moves included United Airlines slipping on softer quarterly guidance and higher fuel costs, while J.B. Hunt jumped on an earnings beat.
US stock futures are mixed ahead of the June jobs report: Nasdaq futures slide about 0.3%, Dow futures edge up around 0.2%, and S&P 500 futures are broadly flat, as a tech-led decline in Asia and a quiet oil backdrop weigh on sentiment. Investors are parsing inflation signals from Federal Reserve officials while awaiting Friday’s nonfarm payrolls release, expected to show about 115,000 jobs added in June with the unemployment rate at 4.3%. A stronger jobs reading could lift rate-hike expectations for the year, adding to a cautious market mood amid mixed data and geopolitical headlines.
U.S. stock futures pulled back on Wednesday after an AI-led rally, with Dow and S&P 500 futures down about 0.4% and Nasdaq-100 futures about 0.6%, following a session that saw the Dow hit a record and tech stocks rally on the back of AI. Investors are weighing easing headwinds like oil prices and ongoing U.S.–Iran talks while awaiting the June jobs report due Thursday to gauge the Fed’s likely path for rate hikes later this year.
May payrolls rose 172,000—well above expectations—while unemployment held at 4.3% and inflation hovered near 3.8%, spurring a shift from expectations of rate cuts to bets on higher-for-longer rates. That outlook sent Treasury yields higher and erased about $1.4 trillion of S&P 500 market value in a single session, marking a dramatic re-pricing of rates despite a resilient economy. Investors also weighed big equity raises and AI-related IPOs (Meta, SpaceX, Anthropic, Alphabet) that could widen supply, reinforcing concerns that higher rates could persist into 2027 while earnings and valuations navigate the new regime.
May payrolls rose 172,000 vs expectations, wiping about $1.4 trillion from the S&P 500 as rate-cut bets collapsed; a resilient labor market and inflation near 3.8% pushed traders to price in higher-for-longer rates into 2027. AI-focused stocks faced additional pressure from looming stock offerings and IPOs, while investors weigh whether valuations can stay elevated if borrowing costs remain higher.
President Trump says raising interest rates would be wrong and calls for a rate cut, signaling deference to Fed nominee Kevin Warsh even as a strong May jobs report and market expectations keep the Fed path uncertain.
After a broad market selloff dragged the S&P and Nasdaq lower, Trump attempted to soothe investors with posts about a strong May jobs report (172,000 jobs; unemployment 4.3%) and claimed growth doesn’t spur inflation, but stocks kept falling. The downturn was led by semiconductor and AI names, and while the May payrolls beat expectations, Trump’s remarks on Truth Social did little to reverse the slide.
Tech stocks pulled back as momentum leaders reversed recent gains after a strong May jobs report, with Broadcom’s results failing to justify further AI-driven bets and several AI-linked names sliding. Higher yields and altered rate-cut expectations pressured risk assets, sending the S&P 500 down about 1% and the Nasdaq over 2%. The broad rally paused as investors reassessed valuations, while Lululemon fell after cutting its full-year outlook, signaling continued mixed signals for sector-specific names amid the macro backdrop.