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
Asia-Pacific markets rose Friday, after the White House said that U.S. President Donald Trump and China's President Xi Jinping were set to hold talks next week. U.S. Press Secretary Karoline Leavitt ...
US stocks rebounded, with the three major indexes closing near record highs on Thursday (October 23rd). The S&P 500 rose 0.6%, the Dow Jones Industrial Average rose 0.3%, and the Nasdaq Composite ...
European stocks closed in positive territory on Thursday as investors pored over earnings reports for clues about business activity and confidence in the region. The pan-European Stoxx 600 index clos...
European stocks rallied on Thursday, driven by the energy sector and mixed results from major companies. The Stoxx Europe 600 Index rose 0.2% in early London trading, with energy stocks leading the ga...
Asia-Pacific markets fell Thursday, tracking Wall Street's declines on concerns about U.S.-China trade relations. Trade fears resurfaced after Reuters reported Wednesday stateside that the Trump admi...
The US dollar is moving steadily upward, still on track for a slight increase for the week. The market is awaiting the release of the delayed US inflation figures, and most market participants believe this data is unlikely to derail the Fed's plan...
Silver fell on Friday, October 24, 2025. Spot prices moved in the range of $48-49 per troy ounce, slightly weakening from the previous day after significant volatility earlier this week—even falling sharply after hitting a new record above...
The Hong Kong stock exchange opened in the green. The Hang Seng Index rose early in the session, followed by gains in the technology index and mainland Chinese stocks. The market mood this morning was clearly positive. The main drivers were the...
According to a poll by Reuters, 115 of 117 economists have predicted that the Federal Reserve (Fed) will reduce interest rates by 25 basis points...
The Fed will meet on October 28-29, 2025. This meeting is crucial because the market still considers the possibility of an interest rate cut, but...
The U.S. government shut down much of its operations on October 1 after Republicans and Democrats failed to reach an agreement to extend funding...
U.S. Trade Representative Jamieson Greer said he and Treasury Secretary Scott Bessent will head to Malaysia on Wednesday to meet with Chinese...