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☆ Markets jump higher after softer-than-expected jobs report fuels hopes of an earlier rate cut
  + stars: | 2024-05-03 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +2 min
The unemployment rate ticked higher as well, to 3.9% from 3.8% the month before. That’s because the Federal Reserve is working to slow the economy by hiking interest rates — the only tool it has to fight inflation. A still-robust job market means the central bank could continue to keep rates elevated without fear of sending the economy into a recession. If the labor market weakens, the Fed is more likely to consider a rate cut. “We’re also prepared to respond to an unexpected weakening in the labor market,” he said.
Persons: Dow, “, ”, Matt Peron, Janus Henderson, They’re, Jerome Powell, “ We’re Organizations: New, New York CNN, Nasdaq, of Labor Statistics, Wall, Federal Reserve, Janus, Janus Henderson Investors, ”, Treasury, Apple Locations: New York
☆ Analysis: Fed's hiking pause may not signal all-clear for US stocks
  + stars: | 2023-05-04 | by ( Lewis Krauskopf David Randall | Lewis Krauskopf | David Randall | ) www.reuters.com   time to read: +4 min
In theory, that should be welcome news for stocks and other so-called risk assets, which wilted under the barrage of hikes last year. Yet some investors worry this year's 6.5% rebound in the S&P 500 has made equities expensive. Many are also wary that the Fed's rate hikes may precipitate a recession later this year. Stocks fell on Wednesday, with the S&P 500 ending down 0.7%, after the Fed's latest policy decision in which the central bank also raised rates by 25 basis points, as markets expected. Friday's U.S. employment report and next week's consumer price index data may give investors a sense of how deeply the Fed's rate hikes have seeped into the economy.
☆ Fed's hiking pause may not signal all-clear for US stocks
  + stars: | 2023-05-04 | by ( Lewis Krauskopf David Randall | Lewis Krauskopf | David Randall | ) www.reuters.com   time to read: +4 min
In theory, that should be welcome news for stocks and other so-called risk assets, which wilted under the barrage of hikes last year. Yet some investors worry this year's 6.5% rebound in the S&P 500 has made equities expensive. Many are also wary that the Fed's rate hikes may precipitate a recession later this year. Stocks fell on Wednesday, with the S&P 500 ending down 0.7%, after the Fed's latest policy decision in which the central bank also raised rates by 25 basis points, as markets expected. Friday's U.S. employment report and next week's consumer price index data may give investors a sense of how deeply the Fed's rate hikes have seeped into the economy.
☆ Slowing US inflation shifts investor focus to earnings season
  + stars: | 2023-04-12 | by ( David Randall | ) www.reuters.com   time to read: +4 min
Wednesday’s data showed consumer prices growing at a slower pace than expected last month, bolstering the argument that inflation is decelerating. Yet some investors believe markets may have already accounted for a mild inflation slowdown and say further gains in stocks could depend on whether upcoming corporate earnings - especially results from banks - can beat forecasts. Earnings per share for the six largest U.S. banks are expected to fall 10% from the same quarter last year, according to Refinitv data. Overall, analysts expect S&P 500 earnings to fall 5.2% in the first quarter of 2023 from the year-ago period, I/B/E/S data from Refinitiv as of April 7 showed. That weakness would come on the heels of a 3.2% earnings fall in the fourth quarter of 2022, a back-to-back decline known as an earnings recession which has not occurred since COVID-19 blasted corporate results in 2020.
☆ Analysis: U.S. stock investors face recession fears as they bid good riddance to 2022
  + stars: | 2022-12-23 | by ( Lewis Krauskopf | ) www.reuters.com   time to read: +5 min
"The issue is how much has the market already discounted a recession, and that’s where it gets a little bit thornier." Concerns that the Fed will maintain its hawkish stance helped drive the S&P 500 down 1.45% on Thursday. The S&P 500 marked a 2022 closing low of 3,577.03 in October, just over 6% below its current level. Yet earnings fall by an average annual rate of 24% during recessions, according to Clissold, leaving plenty of downside for profits if a slowdown hits. Bear markets on average have bottomed four months before the end of a recession, according to Clissold, of Ned Davis.
☆ Wall Street experts are warning that stocks are in for more trouble as a robust November jobs report is crushing investor hopes of a dovish Fed
  + stars: | 2022-12-03 | by ( William Edwards | ) www.businessinsider.com   time to read: +6 min
Stocks fell on Friday after the Bureau of Labor Statistics announced a robust November jobs report. But with the economy resilient, the Fed could continue to cause more pain for stocks going forward. November's jobs report, however, puts a pin the hopes of those anticipating easier policy sooner. He added: "Chairman Powell's speech earlier in the week was interpreted with a dovish lens, but that spin is likely to be reassessed based on the jobs report. Even before Friday's jobs report, some Wall Street strategists and money managers have been warning of further trouble ahead.
☆ Stock sell-off deepens, Dow drops on hot inflation report
  + stars: | 2022-09-13 | by ( Jesse Pound | Carmen Reinicke | ) www.nbcnews.com   time to read: +2 min
Stocks fell sharply on Tuesday after a key August inflation report came in hotter than expected, hurting investor optimism for cooling prices and a less aggressive Federal Reserve. The S&P 500 dropped about 4.3%, and the Nasdaq Composite sank more than 5%. More than 490 stocks in the S&P 500 fell, with Facebook-parent Meta dropping 8% and Caesars Entertainment losing 7.3%. Headline inflation rose 0.1% month over month, even with falling gas prices. Economists surveyed by Dow Jones had been expecting a decline of 0.1% for overall inflation, with a rise of 0.3% for core inflation.
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