Dow futures tumble 300 points to start week as investors await any progress on Trump trade deals
Stock futures fell again on Monday following yet another negative trading week for Wall Street, as investors receive little signs of progress on global trade talks.
Futures tied to the Dow Jones Industrial Average tumbled 347 points, or 0.9%. S&P 500 futures pulled back 1.1%, while Nasdaq-100 futures dropped 1.4%.
Dow set to surge more than 1,200 points as Trump is reelected
Markets were set to rise sharply Wednesday morning following a shift toward Republicans, including a decisive and consequential victory for former President Donald Trump in Tuesday’s US presidential election.
Dow futures soared 1,200 points, or 2.9%. Futures for the broader S&P 500 were 2.3% higher and the tech-heavy Nasdaq surged 1.8%.
Global stocks plunge after worst fall since August meltdown knocks Dow down 600
World stocks tumbled Wednesday after Wall Street had its worst day since early August, with heavyweight Nvidia falling 9.5%, leading to a global decline in chip-related stocks.
France’s CAC 40 slipped 0.8% in early trading to 7,513.31, and Germany’s DAX lost 0.8% to 18,607.62. Britain’s FTSE 100 also dropped 0.8% to 8,230.49. The futures for the S&P 500 were down 0.4% and those for the Dow Jones Industrial Average shed 0.2%.
Stock futures are little changed after Fed signals rate cuts are imminent: Live updates
Stock futures were little changed Monday as investors look to push equities back to record-high levels now that the Federal Reserve indicated that rate cuts are forthcoming.
Futures tied to the S&P 500 climbed 0.1%, while Nasdaq-100 futures were flat. Dow Jones Industrial Average futures rose 44 points.
Wall St regains some ground after big stocks rout
Wall Street's main indexes rose in volatile trading on Tuesday, as investors looked for bargains after a rout in the previous session, while dovish rate commentary from Federal Reserve officials also lifted the mood.
Most megacap and growth stocks, which together lost $200 billion in market value on Monday, gained as Nvidia (NVDA.O), opens new tab bounced back 2.3%.
Dow rallies 300 points, S&P 500 up 1% as Wall Street rebounds from sell-off
Stocks jumped Tuesday, recovering some some losses from the previous trading session.
The S&P 500 traded 1% higher. The Dow Jones Industrial Average rose 316 points, or 0.8%, and the tech-heavy Nasdaq Composite gained 0.8%.
Several big technology stocks rebounded after a sharp pullback on Monday. Nvidia rose 3.6%, while Meta Platforms advanced 2.5%. Meanwhile, Apple continued its decline and fell more than 2%.
Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3%
Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher, fueling fears of a broader economic slowdown, the Labor Department reported Friday.
Nonfarm payrolls grew by just 114,000 for the month, down from the downwardly revised 179,000 in June and below the Dow Jones estimate for 185,000. The unemployment rate edged higher to 4.3%, its highest since October 2021.
US job growth slows to 114K in July while unemployment unexpectedly jumps
U.S. job growth cooled sharply in July while the unemployment rate unexpectedly rose to the highest level in nearly three years.
The Labor Department reported Friday that employers added 114,000 jobs in July, missing the 175,000 gain forecast by LSEG economists. The unemployment rate also unexpectedly inched higher to 4.3% against expectations that it would hold steady at 4.1%.
It marked the highest level for the jobless rate since October 2021.
US economy added just 114,000 jobs last month and unemployment rose to 4.3%
The US labor market cooled off far more than expected last month, underscoring concerns that the economy has slowed down too quickly and could lead to a recession.
Businesses added just 114,000 jobs in July, according to Bureau of Labor Statistics data released Friday and the unemployment rate unexpectedly leapt to 4.3%, which is the highest since October 2021.
US stocks see biggest drop in two years on tech selloff
US stock markets plunged on Wednesday, recording their worst losses since 2022, after investors sold off shares in struggling tech companies.
The Nasdaq index fell by 3.6%, the S&P 500 dropped 2.3%, and the Dow Jones Industrial average slid 1.2%.
“Signs of nervousness around tech stocks began to creep up in recent weeks,” reported Reuters, pointing to Wall Street’s “vulnerability to any weakness in the Big Tech trade...