- U.S. exchange-traded funds that invest in dividend-paying stocks have enjoyed a rush of inflows since the Federal Reserve kicked off its rate cutting cycle last month, though a jump in U.S. Treasury yields could slow the deluge of investor funds.
U.S. exchange-traded funds that invest in dividend-paying stocks have enjoyed a rush of inflows since the Federal Reserve kicked off its rate cutting cycle last month, though a jump in U.S. Treasury yields could slow the deluge of investor funds.
* US job growth surges in Sept; unemployment rate falls to 4.1% * Spirit Airlines (SAVE) tanks after report of bankruptcy filing. * Energy sector climbs for the week with Middle East tensions up. * Indexes: Dow up 0.8%, S&P 500 up 0.9%; Nasdaq up 1.2% By Caroline Valetkevitch.
U.S. 10-year Treasury yields climbed to the highest in nearly two months on Friday after a stronger-than-expected September employment report further weakened the odds of big rate cuts at the Federal Reserve's remaining two meetings this year. Nonfarm payrolls increased by 254,000 jobs in September, according to the Labor Department's Friday employment report.
* US job growth surges in Sept; unemployment rate falls to 4.1% * Spirit Airlines (SAVE) tanks after report of bankruptcy filing. * Energy sector climbs for the week with Middle East tensions up. By Caroline Valetkevitch. NEW YORK, Oct 4 - U.S. stocks closed solidly higher on Friday as a stronger-than-expected jobs report reassured investors who had worried the economy may be getting too weak.
* Dollar hits seven-week high. * Jobs report cuts bets for another big Fed rate cut. * Safe-haven demand also boosts dollar. By Karen Brettell. The dollar jumped to a seven-week high on Friday and was on track to post its best week since September 2022 after a surprisingly strong jobs report for September led traders to cut bets that the Federal Reserve will make further 50-basis-point rate cuts.
* US job growth surges in Sept; unemployment rate falls to 4.1% * Spirit Airlines (SAVE) tanks after report of bankruptcy filing. * Energy sector set for biggest weekly jump in two years. * Indexes up: Dow 0.3%, S&P 500 0.4%, Nasdaq 0.7% By Caroline Valetkevitch.
Brazil's trade surplus slipped about 42% in September, official data showed on Friday, a narrower decline than analysts expected, but the government also cut its full-year forecast. The September figure came in at $5.363 billion, the Ministry of Development, Industry, Trade, and Services said, due to stable exports and rising imports.
-The resolution of a U.S. port strike is likely to keep global supply chain pressures on a calm footing, allowing for a continued slowdown in inflation, an index tracked by the New York Federal Reserve showed on Friday. The regional Fed bank's global supply chain pressure index, which measures how readings deviate from historical averages, eased to a reading of 0.13 in September.
* US job growth surges in Sept; unemployment rate falls to 4.1% * Spirit Airlines (SAVE) tanks after report of bankruptcy filing. * Rivian slips after cutting full-year production forecast. * Energy sector poised for biggest weekly jump in two years. * Indexes up: Dow 0.36%, S&P 500 0.45%, Nasdaq 0.74% By Johann M Cherian and Purvi Agarwal.
Four key metrics in positive territory as tech unemployment rate falls to 2.5% DOWNERS GROVE, Ill. 2 The significant increase pushed the tech unemployment rate back down to 2.5%, well below the national unemployment rate. "It was never really a question of if, but when employers were going to resume hiring," Tim Herbert, chief research officer, CompTIA.
The September jobs report came in hotter than predicted, with U.S. payrolls increasing by 254,000 and the unemployment rate surprisingly slipping to 4.1%. Wage growth exceeded expectations, rising 0.4% month-over-month and 4% year-over-year. These robust numbers have sparked a fresh debate among economists about the Federal Reserve's next move.
By RoboForex Analytical Department The EUR/USD pair has descended to 1.1027, marking its lowest point in three weeks. Recent data revealed that the Eurozone's annual Consumer Price Index decreased to 1.8% in September, the lowest since April 2021 and below the forecasted 1.9%. Moreover, core inflation dipped to 2.7% year-on-year from 2.8%, contrary to expectations of remaining steady.
Despite the recent interest rate cut by the Federal Reserve, consumers should not expect any significant impact on their credit card debt. ?Typically, consumers feel the impact of Fed rate changes when they take out new debt," said Kate Bulger, Vice President of Business Development at MMI.
* Growing economy, cooling labor in "tension" * Jobs beating expectations counters sense of rising risk. * Revisions show less job slowing than feared. By Howard Schneider.
* US job growth surges in Sept; unemployment rate falls to 4.1% * Spirit Airlines (SAVE) tanks after report of bankruptcy filing. * Rivian slips after slashing full-year production forecast. * Energy sector poised for biggest weekly jump in two years. * Indexes up: Dow 0.62%, S&P 500 0.71%, Nasdaq 1.11% By Johann M Cherian and Purvi Agarwal.
Canadian economic activity rebounded in September after contracting in the prior month as the pace of price increases cooled to its slowest in six months, Ivey Purchasing Managers Index data showed on Friday. The seasonally adjusted index rose to 53.1 from 48.2 in August. August's reading was the first move below the 50 no-change threshold in 13 months.
-Chicago Federal Reserve President Austan Goolsbee on Friday called the latest U.S. jobs report "superb" and said more labor market data along those lines would boost his confidence the economy is at full employment with low inflation.
U.S. job gains increased by the most in six months in September and the unemployment rate fell to 4.1%, pointing to a resilient economy that likely does not need the Federal Reserve to deliver large interest rate cuts for the rest of this year. In addition to the better-than expected increase in nonfarm payrolls reported by the Labor Department on Friday, wages rose at a solid pace last month.
-A surge in U.S. job growth has financial markets betting the Federal Reserve will follow last month's half-point interest rate reduction with smaller moves, and ignited a debate over whether the policy rate ends up at a higher level than previously expected.
A surge in U.S. job growth has financial markets betting the Federal Reserve will follow last month's half-point interest rate reduction with smaller moves, and ignited a debate over whether the policy rate ends up at a higher level than previously expected.
* US job growth accelerates, unemployment rate slips to 4.1% * Silver set for weekly gain. * Festivities spark slight demand for gold in India. By Anjana Anil. Gold prices fell on Friday after a stronger-than-expected U.S. jobs report boosted the dollar and caused analysts to scale back expectations of an aggressive rate cut from the Federal Reserve next month.
-U.S. job growth accelerated in September and the unemploymentrate slipped to 4.1% from August's 4.2%, further reducing theneed for the Federal Reserve to maintain large interest ratecuts at its remaining two meetings this year.
The dollar soared on Friday after data showed the U.S. economy added far more jobs than expected in September, quashing expectations for another jumbo rate cut from the Federal Reserve and soothing some concern about the outlook for growth.
* US job growth surges in Sept; unemployment rate falls to 4.1% * Spirit Airlines (SAVE) tanks after report of bankruptcy filing. * Futures up: Dow 0.48%, S&P 500 0.70%, Nasdaq 0.99% By Johann M Cherian and Purvi Agarwal.
Euro zone bond yields leapt on Friday after data showed U.S. jobs growth was stronger than expected in September, weakening the case for further outsized interest rate cuts from the Federal Reserve. Data showed. U.S. nonfarm payrolls rose by 254,000 in September, compared to 159,000 in August, well above economists' expectations of a 140,000 increase.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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