U.S. jobless claims hit 10-week high of 211,000
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- One killed, three injured when man attacks Swedish school with sword
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
NFP March 2023 Preview: Expectations, importance for Fed, and how to trade the report
March 9, 2023 9:24 AM ESTFed Chair Jerome Powell initiated a stock selloff earlier this week by saying that the central bank would be ready to pick up the pace of rate hikes if the totality of the data warrants it. The market is now slowly shifting its focus toward the jobs report that is due to be released tomorrow at 8:30 EST (13:30 GMT).
The Fed is looking for a slowdown in hiring before preparing to stop hiking rates. The jobs market is cooling narrative suffered a major blow last month after the BLS data showed the total nonfarm payroll employment increased by 517,000 in... More
