US stocks closed lower on Friday after weaker-than-expected August jobs data raised concerns about a slowing economy, even as expectations for Federal Reserve rate cuts firmed.
The S&P 500 gave up earlier gains, ending 0.3% lower and below Thursday's record close, the Dow dropped 220 points, while the Nasdaq 100 was flat. The economy added just 22K jobs, well below the 75K forecast, while the unemployment rate rose to 4.3%, highlighting a cooling labor market.
Traders priced in a higher chance of interest-rate cuts, with bets rising on a potential 50bps reduction this month. Banks, energy, and industrials sectors led the decline, while real estate gained on rate-cut optimism.
Broadcom jumped 9.4% on strong AI-driven revenue forecasts, while Nvidia dropped 2.7% and AMD fell 6.6% after President Trump's warning of semiconductor tariffs. Lululemon tumbled 18.6% following a second profit warning, and major banks, including JPMorgan and Wells Fargo, fell over 2.5%.
Source : Trading Economics
European stocks opened generally higher on Wednesday (December 17th) as investors prepared for central bank decisions. Central bank action will be closely monitored by European market participants th...
Asian stocks opened lower after weak US employment data did little to change expectations of a Federal Reserve interest rate cut. The MSCI Asia Pacific Index fell 0.1%, extending its decline to a thir...
European stocks closed lower on Tuesday, with the STOXX 50 down 0.5% and the broader STOXX 600 slipping 0.4%, as optimism around Russia–Ukraine peace efforts prompted investors to reassess the outlook...
Stocks fell slightly on Tuesday as traders digested the delayed release of the November's jobs report. The S&P 500 fell 0.1%, while the Nasdaq Composite pulled back about 0.2%. The Dow Jones Indu...
European stocks are expected to open lower on Tuesday (December 16), reversing gains seen earlier in the week. Shortly after the opening bell, the pan-European Stoxx 600 index fell 0.2%, with most se...
Gold prices strengthened as we entered the European session today, Wednesday (December 17th), holding around $4,320 per ounce and remaining close to October's record high of $4,381. This strengthening occurred after the market returned to seeking...
Oil prices hit session highs as the US is reportedly preparing new sanctions against Russia if Moscow rejects a plan to end the war in Ukraine. Brent crude futures rose 2.4% to above $60 a barrel. Prices had previously risen after President Donald...
The Hang Seng Index rose 233 points, or 0.9%, to close at 25,469 on Wednesday (December 17), ending two consecutive sessions of sharp declines as gains spread across all sectors. The index rebounded from a near four-week low, supported by buying...
New York Federal Reserve President John Williams said on Monday the U.S. central bank's interest rate cut last week leaves it in a good position to...
Stocks rose Monday led by a broad array of names as traders bet data set for release this week will point to tame inflation and strong economic...
Asian markets opened lower in the last full trading week of 2025, fueled by concerns about the prospects for tech company profits and growing AI...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10%...