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The September jobs report had killed the odds of another big 50 basis point cut, but the slightly higher-than-expected CPI likely isn't enough to fully pump the brakes on Fed easing.
US stocks surged after the September jobs report exceeded expectations with 254,000 jobs added. Economists predicted 150,000 jobs; unemployment fell to 4.1% from 4.2%.
Initial jobless claims rose sharply to 219,000 for the week ended Oct. 1 after sliding to 193,000, the lowest since April in the prior week. Economists had estimated 203,000 claims, according to ...
Black Thursday [34] [35] was a global stock market crash on 12 March 2020, as part of the greater 2020 stock market crash. US stock markets suffered from the greatest single-day percentage fall since the 1987 stock market crash. Following Black Monday three days earlier, Black Thursday was attributed to the COVID-19 pandemic and a lack of ...
Here's where investors worried about a stock market bubble should invest their money. In commodities, bonds, and crypto: West Texas Intermediate crude oil was up 1.88% to $69.98 a barrel.
On October 28, "Black Monday", [19] more investors facing margin calls decided to get out of the market, and the slide continued with a record loss in the Dow for the day of 38.33 points, or 12.82%. [20] On October 29, 1929, "Black Tuesday" hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day ...
The New York Stock Exchange reopened that day following a nearly four-and-a-half-month closure since July 30, 1914, and the Dow in fact rose 4.4% that day (from 71.42 to 74.56). However, the apparent decline was due to a later 1916 revision of the Dow Jones Industrial Average, which retroactively adjusted the values following the closure but ...
NEW YORK (AP) — U.S. stock indexes closed their best week in two months with a flourish on Friday. The S&P 500 climbed 1% to clinch its first winning week in the last three. The Dow Jones ...