U.S. stocks traded mixed in the final hour of trading on Thursday as another pandemic lockdown in the southwestern Chinese metropolis of Chengdu added to...
U.S. stocks traded mixed in the final hour of trading on Thursday as another pandemic lockdown in the southwestern Chinese metropolis of Chengdu added to concerns about economic growth. The Dow Jones Industrial Average DJIA, +0.46% was up by 0.3% and the S&P 500 SPX, +0.30% gained less than 0.1%, while the Nasdaq Composite COMP, -0.
26% lost 0.6%. The two-year Treasury yield hit a fresh 15-year high at 3.528%, while the 10-year Treasury yield climbed to 3.266%, its highest level since late June. Rising bond yields also push the U.S. dollar to a 20-year high. Economists expect the August employment report, due Friday morning, to show the creation of 318,000 jobs.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nasdaq records largest 4-day losing streak since June as stocks finish August in the redU.S. stocks finished in the red for a fourth straight day on Wednesday. The Dow Jones Industrial Average retreated 280.44 points, or 0.9%, to 31,510.43, finishing August down 3.9%.
Read more »
Today’s Stock Market News: Dow, S&P 500 Futures WaverStock futures wavered, after major indexes logged three consecutive days of losses driven by expectations of tighter Fed policy. Follow the latest markets updates.
Read more »
S&P 500, Nasdaq 100, Dow Jones Forecast Ahead of Non-Farm Payrolls (NFP)Inflation can create massive problems and historically speaking, we’re already at far-elevated levels. The most recent example of inflation in this range was in the late-70’s, the era of stagflation. Get your market update from JStanleyFX here:
Read more »
S&P 500 Fails at 50-Day Moving Average in Choppy Session for EquitiesS&P 500 fails at key technical moving average as equity weakness continues Risk continues to struggle following Jerome Powell’s Jackson Hole remarks. Traders now look to Friday’s NFP report for clues to September FOMC meeting.
Read more »
Major Snap restructuring to include 20% layoffs, product pullbacksNEW: Snap is undergoing a major restructuring that includes a 20% reduction of its workforce and product pullbacks, its CEO told staff in a memo. The company has lost nearly 80% of its market value since 2022 began.
Read more »