Global S&P Futures down 2.1% premarket
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- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil ends week higher on renewed US-Iran strikes, diesel hits record
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
- S&P Dow Jones Indices adds Bloom Energy to S&P 500 index
- Citi highlights best Gen AI stocks to own for 2027
- Dell’s earning report was bullish for Intel CPU demand, analyst says
- Netflix raises prices in Germany and Austria, Citi comments
- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
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S&P 500’s pullback deepens as hard landing fears spike: RBC
August 5, 2024 6:23 AM EDTThe S&P 500 resumed its pullback late last week, driven by escalating fears of a hard landing following disappointing economic data, RBC Capital said in a note Monday.
Initially, the market showed signs of stabilization, bolstered by expectations of a rate cut in September following Wednesday's Federal Reserve meeting.
However, weaker-than-expected ISM and jobs reports reignited concerns about economic downturns and policy missteps. By Friday's close, the S&P 500 had declined 5.7% from its July high, a pullback slightly more severe than... More
