Last week's market moves seem driven by sentiment. While
A trader works on the floor at the New York Stock Exchange in New York City, U.S., September 4, 2024.This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe. That's fewer than the 161,000 expected by Dow Jones, but better than July's revised 86,000. Unemployment in August ticked down to 4.2% from 4.
Job additions in August were substantially higher than in July, while the unemployment rate dipped for the month. Yes, the headline number's lower than expected. But it breaks a downward-moving trend from May, suggesting the U.S. job market isn't moving in the wrong direction. That implies things in the economy aren't so bad that the Fed will be forced to make a drastic cut. Adding to that, there hasn't been any concrete news or earnings reports that have affected the fundamentals of Big Tech.
Economy Jobs Labor Economy Personnel Economic Events Janet Yellen United States Goldman Sachs Group Inc Amazon.Com Inc Alphabet Inc NVIDIA Corp Dow Jones Industrial Average S&P 500 Index WTI Crude (Mar'23) NASDAQ Composite Markets World Markets Business News
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CNBC Daily Open: Prequels, sequels and pixie dustWall Street recovers as the S&P 500 ended the week just 0.04% lower, while the Dow Jones Industrial Average slipped 0.6% and the Nasdaq Composite dipped…
Read more »
CNBC Daily Open: Prequels, sequels and pixie dustWall Street recovers as the S&P 500 ended the week just 0.04% lower, while the Dow Jones Industrial Average slipped 0.6% and the Nasdaq Composite dipped…
Read more »
CNBC Daily Open: Wall Street rebounds, investors to monitor earnings and inflation dataThis week, investors will gain more insight into consumer sentiment as Walmart and Home Depot release their earnings.
Read more »
CNBC Daily Open: Wall Street rebounds, investors to monitor earnings and inflation dataThis week, investors will gain more insight into consumer sentiment as Walmart and Home Depot release their earnings.
Read more »
CNBC Daily Open: Oil soars on Middle-East tensionsThe S&P 500 and the Nasdaq Composite largely held on to gains in choppy trade ahead of key inflation data.
Read more »
CNBC Daily Open: Oil soars on Middle-East tensionsThe S&P 500 and the Nasdaq Composite largely held on to gains in choppy trade ahead of key inflation data.
Read more »