US Edition
Dow, Nasdaq, S&P 500 Hit, Then Retreat From Record Highs After Weak U.S. Jobs Report
8 Articles
8 Articles
The US shares closed sharply on Friday, after a weaker-than-expected employment report reinforced the certainty of an imminent cut in interest rates.Although the data seemed to be in favour of the market, the main indices retreated after the initial earnings, suggesting a high volatility day.The S&P 500 (^GSPC) fell by 0.3%, moving away from the historic closing peak reached on Thursday.The Dow Jones Industrial Average (^DJI) lost 0.5%, while th…
Europe: Stocks retreat at close as weak US payrolls stoke slowdown fears
European stocks surrendered early gains to finish lower on Friday (Sep 5), dragged by energy and financial shares, as investors turned cautious after softer-than-expected US payrolls data heightened concerns about cracks in the world’s largest economy.
Wall Street ended Friday's day with losses, after a new labor report showed a sharper slowdown than anticipated in the U.S. labor market. Although the data reinforces the bets of an imminent cut in rates by the Federal Reserve, they also raised concerns about the solidity of the current economic cycle.See more: Chile, Peru and Colombia progress in integrating exchanges with a new platform and changes in indexesThe S&P 500 retreated -0.32% after …
Coverage Details
Bias Distribution
- 50% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
