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The stock market is headed for a 10% correction as the job market slows and inflation stays sticky, Stifel stock chief says. Jennifer Sor. September 30, 2024 at 2:27 PM. Adobe Firefly, Tyler Le/BI.
The federal government routinely revises economic data, but it rarely makes a correction as large as it did on Wednesday, when the Bureau of Labor Statistics reported America’s economy created ...
The benchmark index fell 1.9% to 2197.7 points, down more than 10% from its all-time closing high of 2442.74 points hit in November 2021. U.S. equities sold off after data showed job growth ...
Stifel warns of a sharp stock market correction by year-end, with the S&P 500 potentially dropping 12%. ... The diffusion index helps measure the breadth of job gains or losses across all economic ...
The difference between a correction and a bear market is in the magnitude of the decline. A correction is a decline of at least 10 percent, but less than 20 percent, while a bear market begins at ...
That blew past expectations of 140,000 job gains from economists polled by FactSet, and marked a jump from August’s upwardly revised 159,000 tally. The unemployment rate edged lower to 4.1% from ...
The U.S. economy added 142,000 jobs last month, falling short of forecasts, while the unemployment rate dipped to 4.2%. Private-sector hiring totaled 118,000, but the three-month moving average ...
In July, employers had the fewest job openings since January 2021 and the unemployment rate stood at 4.2% in August, up from a half-century low of 3.4% last seen in 2023. Employers just aren’t ...