Federal Reserve Chairman Jerome Powell speaks during a press conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. Anna Moneymaker | This report is from today’s CNBC Daily Open, our newsletter for international markets. CNBC Daily […]
A trader works on the trading floor of the New York Stock Exchange following the Federal Reserve’s interest rate announcement on September 18, 2024. Andrew Kelly | Reuters U.S. stock futures rose on Wednesday evening as traders digested the Federal Reserve’s earlier decision to cut interest rates by half a percentage point. Dow Jones Industrial […]
Americans with record credit card debt carry their debt longer Will the federal government’s potential interest rate cuts help Americans pay off their credit card debt in the second half of 2024? Scripps News This week, interest rates are expected to fall for the first time in four years, but experts say this is unlikely […]
Top line The blue-chip Dow Jones Industrial Average index headed for one of its worst days of the year on Wednesday after recent inflation figures failed to confirm investors’ most optimistic hopes that the Federal Reserve would boost valuations by cutting interest rates. Traders work on the trading floor of the New York Stock Exchange […]
Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York City, USA, September 9, 2024. Brendan McDermid | Reuters There were sell-offs on Wednesday as new U.S. inflation data dampened traders’ hopes of a sharp interest rate cut by the Federal Reserve later next week. The S&P500 was trading […]
Traders work on the floor of the New York Stock Exchange during afternoon trading on September 5, 2024. Michael M. Santiago | S&P 500 futures faltered on Friday as investors assessed a weaker-than-expected August jobs report and its implications for U.S. monetary policy. Futures linked to the broad market index were near the zero line, […]
New data from ADP released on Thursday showed that the private sector added the fewest jobs in a month since January 2021, suggesting a slowdown in the labor market. ADP’s national employment report for August showed that 99,000 new jobs were created that month, well below economists’ estimates of 145,000 and below the 122,000 jobs […]
U.S. stocks gave up early trading gains on Thursday as investors digested further weaker-than-expected jobs data that could raise hopes both for interest rate cuts and the health of the U.S. economy. The S&P 500 (^GSPC) lost as much as 0.6%, while the Dow Jones Industrial Average (^DJI) slid more than 300 points, or about […]
The Nasdaq-Composite rose on Thursday after two consecutive days of losses as investors bought up battered technology stocks ahead of Friday’s key jobs report. The technology-heavy benchmark rose 1%. S&P500 increased by 0.4%, and the Dow Jones Industrial Average hovered near the zero line. Popular megacap and chip stocks led the move higher, with Nvidia […]
U.S. stocks rose on Thursday as investors digested further weaker-than-expected jobs data that could boost hopes for interest rate cuts and the health of the U.S. economy. The S&P 500 (^GSPC) rose 0.4%, while the Dow Jones Industrial Average (^DJI) remained flat. The tech-heavy Nasdaq Composite (^IXIC) rose 1%, while all three benchmarks traded choppy. […]
