Dow plunges nearly 700 points in response to good economic news. We can explain.
A strong jobs report is good news for the economy. For stocks, not so much.
A strong jobs report is good news for the economy. For stocks, not so much.
A recent surge in U.S. Treasury yields may gain even more momentum after a strong jobs report reinforced expectations that interest rates will stay high for longer and raised the spectre of benchmark 10-year yields hitting 5% — a level that some fear could rattle broader markets. Friday’s jobs report revealed that employers added 256,000 jobs in December, well above economists’ forecasts, while the unemployment rate dropped, bolstering market expectations that the Federal Reserve will maintain elevated interest rates to curb economic overheating. That news dashed investors' hopes for some respite from a sharp rise in Treasury yields that has wobbled stocks since the beginning of the year.
The Biden administration's proposal would put more pressure on companies like Nvidia to crack down on where resellers ultimately send their chips.
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The London Stock Exchange (LSE) is under pressure to closely vet Chinese fast fashion giant Shein ahead of its planned £50bn listing, amid fears about forced labour in its supply chain.
Constellation stock is up! No, it’s down! Wait, who’s right? Turns out, they both are.
On Thursday, Intellia Therapeutics Inc (NASDAQ:NTLA) outlined its strategic priorities for 2025, emphasizing the acceleration of late-stage programs for NTLA-2002 and nex-z. These therapies target hereditary angioedema (HAE) and transthyretin (ATTR) amyloidosis, respectively. Intellia prioritized NTLA-2002 and nex-z while discontinuing the NTLA-3001 program and other early-stage initiatives. The reorganization will result in a 27% workforce reduction and a projected $8 million restructuring char
Wall Street's most watched gauge of investor anxiety rose to a three-week high on Friday as stock indexes sold off following a an upbeat jobs report that pushed back market expectations for further Federal Reserve interest rate cuts. The Cboe Volatility Index - an options-based indicator that reflects demand for protection against drops in the stock market - was last up 1.1 points to 19.18. A reading of 20 or higher on the VIX is associated with robust demand for options protection.
The Nasdaq Composite has gained 34.1% in the past 12 months, while Ark Innovation ETF returned 19.1%.
Delta Air Lines bills itself as the "premium" U.S. airline. Passengers appear to be buying in.