CANADA STOCKS-TSX poised to open flat, U.S. job growth below expectations – Yahoo Finance
Market strategists offered differing views on whether a Fed move towards a normalization in monetary policy in the earlier part of 2015 rather than the middle part of the year was a positive or negative for U.S. equities. Bittles voiced the view of the latter camp, saying that “for the past five years, Fed support has been the driving force behind higher stock prices.” Domestic data had weekly jobless claims coming in just above expectations, but the four-week moving average still put a positive spin on the labor market. The Labor Department also reported U.S.
World Stocks Extend Slump on Wall Street Sell-Off – ABC News
ET, and natural-gas inventories at 10:30 a.m. ET. Tomorrow brings two key reports: non-farm payrolls and the Institute for Supply Management’s manufacturing index. Technology and healthcare are the strongest sectors in the last month, according to our researchLAB market scanner. Stocks linked to global growth, such as metals producers and Chinese equities have also outperformed, while domestic equities have lagged.
job growth slowed more than expected in July. September futures on the S&P TSX index were unchanged at 0855 ET after a drop on Thursday when markets were jolted by Argentina’s debt default. Other data on Friday showed that U.S. consumer spending rose for a fifth straight month in June. Dow Jones Industrial Average e-mini futures were down http://www.todayhotstocks.com 0.13 percent at 0855 ET, while S&P 500 e-mini futures were down 0.13 percent.
Stocks Sink Again, Dow Down 110 – Yahoo Finance
Done Stocks Sink Again, Dow Down 110 By Myles Udland 58 minutes ago 0 shares John Moore / Getty Images Markets are lower after the jobs report and a rash of other economic data, including personal income and outlays, manufacturing data, and consumer sentiment. The Dow is down 110 points; the S&P 500 is down 12 point; and the Nasdaq is down 35 points. This move in equity markets comes after yesterday’s sharp sell-off that saw the Dow fall more than 300 points and lose all of its year-to-date gains. The day’s top story is the July jobs report, which showed the economy added 209,000 as the unemployment rate ticked up to 6.2% from 6.1%. This report was slightly below expectations of 230,000 jobs and the unemployment rate holding steady at 6.1%. This report also marked the sixth straight month of job gains above 200,000, the longest such streak since 1997 . We also got inflation data on Friday morning, with “core” PCE, the Fed’s preferred measure of inflation, showing that prices in June rose 1.6% over the prior year but were flat compared with the prior month.
Stocks continue retreat from highs – Yahoo Finance
Asian stock markets posted modest losses as strong reports on China’s economy countered some of the pessimism. KEEPING SCORE: In early European trading, Germany’s DAX sank 1.8 percent to 9,235.69 while France’s CAC 40 fell 1.3 percent to 4,189.81. London’s FTSE 100 dropped 1.1 percent to 6,656.19. Wall Street was poised to open lower. Dow futures were down 0.3 percent to 16,440.00 while broader S&P 500 futures lost 0.4 percent to 1,917.40.