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☆ Dow drops over 600 points, Nasdaq nearly 4% lower as job gains remain steady, complicating Fed effort to lower prices
▼ + stars: | 2022-10-07 | by ( Tanaya Macheel | Tanaya Macheel Is A Cryptocurrency | Financial Technology Reporter For Cnbc. | ) www.nbcnews.com time to read: +2 min

Stocks fell on Friday as traders evaluated September’s jobs report, which showed the unemployment rate continuing to decline and sparked an increase in interest rates. The Dow Jones Industrial Average fell 682 points, or 2.3%, to 29,264.39. The Nasdaq Composite slid 3.9% to 10,651.75, which is less than 1% above its low of the year. Friday’s jobs numbers showed the U.S. economy added 263,000 jobs in September, slightly below a Dow Jones estimate of 275,000. Friday’s losses trimmed the gains for what started out as a big comeback week for stocks.

☆ ByteDance might deserve its most-watched status
▼ + stars: | 2022-10-07 | by ( ) www.reuters.com time to read: +2 min

It’s a good show despite a stalled initial public offering plan, a global tech rout, and a politically difficult reception for its popular short-video streaming app. The company eked out an operating profit, too, in the first three months this year. ByteDance might be eating its rival’s lunch in more ways than one. (By Yawen Chen)Register now for FREE unlimited access to Reuters.com RegisterFollow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Euro zone likely entering recession as price rises hit demand -PMI
▼ + stars: | 2022-09-23 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

Register now for FREE unlimited access to Reuters.com Register"The third decline in a row for the euro zone PMI indicates business activity has been contracting throughout the quarter. A reuters poll earlier this month gave a 60% chance of a recession in the euro zone within a year. read morePRICE PRESSURESOverall demand in the euro zone fell to its lowest since November 2020, when the continent was suffering a second wave of COVID-19 infections. The new business PMI fell to 46.0 from 46.9. The euro zone services PMI fell to 48.9 from 49.8, its second month sub-50 and the lowest reading since February 2021.

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