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S&P 500, Nasdaq dip with economic data, earnings in focus
Feb 10 (Reuters) – The S&P 500 and the Nasdaq closed lower on Tuesday as investors digested disappointing retail sales figures and waited for a key labor market report. The S&P 500 communication services sector was weighed down by Alphabet shares after Google’s parent said it sold bonds worth $20 billion. The announcement came as […]
US weekly jobless claims increase more than expected
Weekly U.S. jobless claims rose more than expected, likely driven by snowstorms, while the labor market remained stable.
US weekly jobless claims fall; trade deficit widens by the most in nearly 34 years
U.S. jobless claims fell last week, signaling low layoffs, though weak hiring is fueling concern about the labor market.
US pending home sales plunge to five-month low in December
Contracts to buy existing U.S. homes fell sharply in December as labor worries and tight inventory offset lower mortgage rates.
US October trade deficit lowest since 2009 as imports decline
The U.S. trade deficit shrank to its lowest level since 2009 in October as imports plunged and exports hit records.
US private payrolls miss expectations in December
WASHINGTON, Jan 7 (Reuters) – U.S. private payrolls rebounded less than expected in December, the ADP’s national employment report showed on Wednesday. Private employment increased by 41,000 jobs last month after a revised decrease of 29,000 in November. Economists polled by Reuters had forecast private employment would rise by 47,000 jobs after a previously reported […]
Wall Street pulls near its all-time high
U.S. stocks climbed as mixed economic data boosted hopes for a Fed rate cut, pushing the S&P 500 near its record high and easing Treasury yields.
US retail sales rose slightly in September, adding to months of big gains
U.S. retail sales rose 0.2% in September as high prices and weak hiring pressured consumers, though stronger spending may boost third-quarter economic growth.
US employers added surprisingly solid 119,000 jobs in September
WASHINGTON (AP) — U.S. employers added a surprisingly solid 119,000 jobs in September, the government said, issuing a key economic report that had been delayed for seven weeks by the federal government shutdown. The increase in payrolls was more than double the 50,000 economists had forecast. Yet there were some troubling details in the delayed […]
Shutdown delays full October jobs report, Labor Dept. says
The Labor Department says the October jobs report won’t be released after the shutdown halted data collection.
Richmond Fed launches center to support rural economies
The Federal Reserve Bank of Richmond launched the Center for Rural Economies last week, a research and convening hub.
Shutdown halts key economic data as Fed weighs rate cuts
The government shutdown delays jobs and inflation reports, leaving the Fed with less data as it considers more rate cuts.
