Trading was muted this morning after a lackluster jobs report was released. The economy added just 194,000 jobs in September, well below the 500,000 that economists expected. A bleaker jobs picture could stall the Federal Reserve as it prepares to taper its $120 billion-per-month bond-buying program.
Investors were optimistic this morning on the likelihood that Senate Democrats will accept Senate Republican leader Mitch McConnell’s proposal that would raise the debt ceiling temporarily.
“A temporary deal should help reduce debt ceiling related market volatility over the next few weeks as attention...
Stocks were markedly lower in early trading this morning as a number of factors weighed heavy on investor sentiment. Concerns about rising rates, inflation, and uncertainty on the debt ceiling added to the pressure.
October has been a roller coaster so far. During...
Stocks were looking to bounce back this morning after selling off in the previous session. Tech shares took a hit yesterday, sending the Nasdaq plummeting to close 2.14% lower. The S&P 500 lost 1.3%, and the Dow closed with a loss of 0.94%. Tech shares were mostly...
Stocks were lower this morning as uncertainty on the debt ceiling and inflation concerns weighed heavily on investor sentiment. October has a reputation for volatility, and we may see that play out in the days to come. However, many market strategists expect stocks to reclaim their footing...