Page 33 - Jeffrey Roach News Today

Two of the three main benchmarks fell Thursday as investors looked ahead to a key update on the labor market.

Two of the three main benchmarks fell Thursday as investors looked ahead to a key update on the labor market. Stocks spent most of Thursday morning in positive territory as investors cheered the latest inflation data. While the indexes ran out of steam around lunchtime, a mid-afternoon rally brought them off their session lows, and put a cap on what's been a very tough month for the equities market. The Bureau of Economic Analysis this morning said its July personal consumption and expendit...

The August jobs report, due Friday morning, is expected to show the labor market is finally slowing down due to higher interest rates and steep inflation.

Two reports seem to show a cooling economy, with the Fed backing off.

U.S. job openings fell to the lowest level in almost 2-1/2 years in July, indicating a slowdown in the labor market and increasing expectations that the Federal Reserve will keep interest rates unchanged. The decline in job openings was led by the professional and business services sector, healthcare and social assistance, and state and local government.

Americans are feeling less confident financially as summer drags on, and high prices and interest rates weigh on their willingness to spend.

With the labor market weakened, “now is the time the Fed will have to perfectly execute the ‘soft landing,’” according to one analyst.

Overheated labor market of the past two years may be over, raising questions about Fed's next move, experts say.

The Dow Jones Industrial Average rose 152 points, or 0.4%, while the S&P 500 gained 0.3%, and the Nasdaq Composite added 0.1%. “The labor market is cooling…

Tuesday's JOLTS data and Wednesday's ADP report both pointed to a cooling labor market, a welcome sign for the Federal Reserve.