* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, August 13, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    John Davison departs from IGN Entertainment – GamesIndustry.biz

    John Davison Steps Down from IGN Entertainment Leadership

    JPMorgan raises Flutter Entertainment stock price target to GBP273 – Investing.com

    JPMorgan Raises Flutter Entertainment Price Target to £273, Signaling Strong Growth Ahead

    Star Entertainment reaches deal to sell 50% stake in Brisbane resort to HK investors – Reuters

    Star Entertainment Seals Landmark Deal, Sells Half of Brisbane Resort to Hong Kong Investors

    Country music star ripped by ex-wife amid court battle: ‘Karma is a … well you know’ – PennLive.com

    This LA singer performed at Trump casinos. Now he’s a retired bus driver in Acadiana. – The Advocate

    This LA singer performed at Trump casinos. Now he’s a retired bus driver in Acadiana. – The Advocate

    Six Flags Entertainment Corporation Reports 2025 Second Quarter Results, Provides July Performance Update, and Updates Full-Year Guidance – Business Wire

    Six Flags Reveals Thrilling Q2 2025 Results, Shares July Highlights, and Updates Full-Year Outlook

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Indirect tax transformation: Navigating change, embracing technology – Thomson Reuters tax and accounting

    Revolutionizing Indirect Tax: Embracing Technology to Navigate Change

    California’s wildfire moonshot: How new technology will defeat advancing flames – Los Angeles Times

    California’s Wildfire Revolution: How Cutting-Edge Technology Is Poised to Stop Raging Flames

    LSU grad uses 3D printing to create adaptive technology for children – CBS News

    LSU Graduate Revolutionizes Adaptive Technology for Kids with 3D Printing

    Gas-to-liquids technology can support national resilience – The Strategist | ASPI’s analysis and commentary site

    Unlocking National Strength: How Gas-to-Liquids Technology Drives Resilience

    Micron Technology (MU) Launched a New Memory Chip for Space Application – Yahoo Finance

    Micron Technology Launches Revolutionary Memory Chip Built for Space Exploration

    United Airlines passengers in US delayed after tech glitch halts flights – BBC

    United Airlines passengers in US delayed after tech glitch halts flights – BBC

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    John Davison departs from IGN Entertainment – GamesIndustry.biz

    John Davison Steps Down from IGN Entertainment Leadership

    JPMorgan raises Flutter Entertainment stock price target to GBP273 – Investing.com

    JPMorgan Raises Flutter Entertainment Price Target to £273, Signaling Strong Growth Ahead

    Star Entertainment reaches deal to sell 50% stake in Brisbane resort to HK investors – Reuters

    Star Entertainment Seals Landmark Deal, Sells Half of Brisbane Resort to Hong Kong Investors

    Country music star ripped by ex-wife amid court battle: ‘Karma is a … well you know’ – PennLive.com

    This LA singer performed at Trump casinos. Now he’s a retired bus driver in Acadiana. – The Advocate

    This LA singer performed at Trump casinos. Now he’s a retired bus driver in Acadiana. – The Advocate

    Six Flags Entertainment Corporation Reports 2025 Second Quarter Results, Provides July Performance Update, and Updates Full-Year Guidance – Business Wire

    Six Flags Reveals Thrilling Q2 2025 Results, Shares July Highlights, and Updates Full-Year Outlook

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Indirect tax transformation: Navigating change, embracing technology – Thomson Reuters tax and accounting

    Revolutionizing Indirect Tax: Embracing Technology to Navigate Change

    California’s wildfire moonshot: How new technology will defeat advancing flames – Los Angeles Times

    California’s Wildfire Revolution: How Cutting-Edge Technology Is Poised to Stop Raging Flames

    LSU grad uses 3D printing to create adaptive technology for children – CBS News

    LSU Graduate Revolutionizes Adaptive Technology for Kids with 3D Printing

    Gas-to-liquids technology can support national resilience – The Strategist | ASPI’s analysis and commentary site

    Unlocking National Strength: How Gas-to-Liquids Technology Drives Resilience

    Micron Technology (MU) Launched a New Memory Chip for Space Application – Yahoo Finance

    Micron Technology Launches Revolutionary Memory Chip Built for Space Exploration

    United Airlines passengers in US delayed after tech glitch halts flights – BBC

    United Airlines passengers in US delayed after tech glitch halts flights – BBC

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Market Snapshot: Dow futures drop 200 points after blowout September jobs report

October 6, 2023
in Business
Market Snapshot: Dow futures drop 200 points after blowout September jobs report
Share on FacebookShare on Twitter

U.S. stocks fell on Friday while Treasury yields climbed after Labor Department data showed the U.S. economy created more than 300,000 jobs last month, stoking fears that the Federal Reserve could be even more aggressive in fighting inflation.

What’s happening

The Dow Jones Industrial Average
DJIA
fell 213 points, or 0.6%, to 32,913.

The S&P 500
SPX
declined by 32 points, or 0.7%, to 4,226.

The Nasdaq Composite
COMP
shed 102 points, or 0.8%, to 13,118.

Major indexes are on track for weekly losses, slumping to begin October as bond yields continue to march higher.

What’s driving markets

A blowout September jobs report sent shock waves across markets on Friday and set U.S. stocks up to record its fifth straight weekly loss for the S&P 500, the longest stretch since May 2022, according to FactSet data. The index was off 1.5% on the week in recent trade.

Data showed the U.S. economy created 336,000 new jobs in September, according to data from the Labor Department, far surpassing economists’ expectations for 170,000 new jobs. Numbers of August and July were also revised higher.

But other details from the report were slightly more favorable for monetary policy. For example, average hourly wages rose a mild 0.2% in September, bringing the 12-month rate of change through September to 4.2%, a slower pace than the prior month’s 4.3% and the smallest year-over-year gain since June 2021.

“Like most reports, Fed will find things to like and dislike here,” said Andrew Patterson, Vanguard senior economist, in emailed commentary.

See: Jobs report shows big 336,000 gain in hiring in September. Labor market is still hot.

The Fed has said it expects the U.S. labor market will need to weaken to help bring the inflation rate down to the central bank’s target of 2%, which is why the data boosted investors’ expectations for one more interest-rate hike from the Fed this year.

Expectations for a hike at the Fed’s upcoming policy meeting, which concludes Nov. 1, rose to nearly 34% from roughly 20.1% a day ago, according to the CME’s FedWatch tool.

Treasury yields also rose on the report, with the 10-year Treasury note
BX:TMUBMUSD10Y
yield up nearly 13.3 basis points at 4.839% to its highest level since Aug. 8, 2007. The yield on the 2-year note
BX:TMUBMUSD02Y,
meanwhile, rose 5 basis points to 5.066%. Bond yields move inversely to prices.

Rising yields put more pressure on utilities stocks, which have been the worst-performing sector of the S&P 500 over the past month as rising long-term yields make the high-yielding defensive plays seem less appealing to investors. The S&P 500 utilities sector index
XX:SP500.55
was off 3% in recent trade at 278.

“Good news about the economy means corporate America is going to have to deal with higher interest rates for the rest of this year and probably most of 2024. Interest rate sensitive stocks and small companies are not going to do well with this current macro backdrop,” said Edward Moya, senior market analyst at Oanda.

The September nonfarm payrolls report represents the culmination of a week that saw the stock market buffeted by labor-market data. Earlier this week stocks slumped following a surprise rise in job openings, before rising on a report of slowing private sector payrolls from ADP, then easing once more after another low reading on weekly jobless benefit claims.

President Joe Biden is expected to deliver remarks about the jobs numbers at 11:30 a.m. Eastern Time.

Companies in focus

Pioneer Natural Resources
PXD,
+9.70%
shares soared following a report in The Wall Street Journal that Exxon Mobil is closing in on a deal to buy the Texan shale driller for about $60 billion. Exxon Mobil
XOM,
-3.25%
shares declined on the news.

Coca-Cola Co.
KO,
-0.43%
and PepsiCo Inc.
PEP,
-1.79%
 slumped after Walmart Inc.’s U.S. chief executive said the new class of weight-loss drugs like Ozempic and Wegovy were causing customers to buy fewer groceries and cut back on those that are high in calories.

Levi Strauss & Co. LEVI dropped after the retailer late Thursday cut its outlook for the full year and its executives noted a “continued softness in the wholesale channel, primarily in the U.S.”

Tesla
TSLA,
-2.45%
fell after the automobile maker cut the price of its Model 3 cars from $40,240 to $38,990 and dropped the cost of its model Y electric vehicles from $50,990 to $45,990 in the U.S.

Philips
PHG,
-8.35%
shares dropped after the U.S. Food and Drug Administration called for more testing of its recalled sleep and respiratory devices, following concerns about foam used in millions of recalled products.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : MarketWatch – http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-7277-A8E1199AEFBF%7D&siteid=rss&rss=1

Tags: businessMarketsnapshot
Previous Post

The Advicer: We’re in our 40s, making $300K and just moved to California. We’re looking to buy a $1.2M home, but also want to invest in our 401(k). Who can help us?

Next Post

Help Me Retire: We have $760,000 saved and $10,000 a month in Social Security and pensions. Should we donate our RMDs to charity?

Comparative single-cell analyses reveal evolutionary repurposing of a conserved gene programme in bat wing development – Nature

Unveiling the Hidden Genetic Blueprint Behind the Evolution of Bat Wings Through Single-Cell Analysis

August 13, 2025
Opinion | Katharine Suding: 476 acres of possibility near Boulder for science, sustainability and the arts – The Boulder Reporting Lab

476 Acres of Opportunity Near Boulder: A Vision for Science, Sustainability, and the Arts

August 13, 2025
Interstellar Object 3I/ATLAS Seen in Stunning New Hubble Image – ScienceAlert

Stunning New Hubble Image Reveals Mysterious Interstellar Object 3I/ATLAS

August 13, 2025
MyMaine Media celebrates Maine’s modern lifestyle – WGME

Experience Maine’s Modern Lifestyle Like Never Before with MyMaine Media

August 13, 2025
Validea’s Top Information Technology Stocks Based On Martin Zweig – 8/13/2025 – Nasdaq

Must-Watch Information Technology Stocks for August 2025 Inspired by Martin Zweig’s Strategy

August 13, 2025
Grit, goals and glam: How beauty brands are making up for lost time and tapping into women’s sports – The New York Times

Grit, goals and glam: How beauty brands are making up for lost time and tapping into women’s sports – The New York Times

August 13, 2025
Trump Crypto Firm Announces $1.5 Billion Digital Coin Deal – The New York Times

Trump’s Crypto Company Unveils Revolutionary $1.5 Billion Digital Coin Deal

August 13, 2025
The end of ‘Townie Summer’: IU students return and stimulate Bloomington’s economy – WRTV

Townie Summer Wraps Up as IU Students Return, Revitalizing Bloomington’s Economy

August 13, 2025
John Davison departs from IGN Entertainment – GamesIndustry.biz

John Davison Steps Down from IGN Entertainment Leadership

August 13, 2025
Augusta Health takes a look at local health outcomes with needs assessment – The News Leader | Staunton, VA

Augusta Health Explores Local Health Outcomes Through Comprehensive Needs Assessment

August 13, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (769)
  • Economy (791)
  • Entertainment (21,668)
  • General (16,446)
  • Health (9,830)
  • Lifestyle (802)
  • News (22,149)
  • People (793)
  • Politics (800)
  • Science (16,005)
  • Sports (21,289)
  • Technology (15,771)
  • World (774)

Recent News

Comparative single-cell analyses reveal evolutionary repurposing of a conserved gene programme in bat wing development – Nature

Unveiling the Hidden Genetic Blueprint Behind the Evolution of Bat Wings Through Single-Cell Analysis

August 13, 2025
Opinion | Katharine Suding: 476 acres of possibility near Boulder for science, sustainability and the arts – The Boulder Reporting Lab

476 Acres of Opportunity Near Boulder: A Vision for Science, Sustainability, and the Arts

August 13, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version