1. Home
  2. >
  3. Economy 🏛️
Posted

Stocks Tumble as Strong Job Market Stokes Fears of Prolonged High Interest Rates

  • Dow plunges into red for the year on unexpected surge in job openings, fueling worries Fed may need to keep rates high
  • Benchmark Treasury yields hit 16-year highs as investors bet economy strength means higher borrowing costs
  • Average 30-year fixed mortgage rate nears 8% as rising yields give investors other way to earn returns
  • Volatility spikes with Dow, Nasdaq hitting lowest levels since May as rebel GOP group votes out Speaker McCarthy
  • Dysfunction in Congress seen as contributing to market volatility by keeping yields high and stocks dropping
nypost.com
Relevant topic timeline:
The Dow and S&P 500 ended slightly lower due to concerns about the Federal Reserve keeping interest rates higher for longer, while the Nasdaq finished barely in the green; the financial sector fell 0.9%, dragged down by an S&P downgrade of credit ratings of regional U.S. lenders, and investors are awaiting clarity on the rate outlook from Fed Chair Jerome Powell.
The stock market experienced a sharp decline as early gains turned into a selloff, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all falling; concerns over rising bond yields and inflation contributed to the sell-off.
Summary: The Dow Jones Industrial Average and other stock indexes experienced significant declines as market attention shifted to the upcoming speech by Fed Chair Jerome Powell at the Jackson Hole Economic Symposium, while Nvidia's gains were nearly wiped out after strong earnings and Tesla CEO Elon Musk issued a warning regarding the Cybertruck, although Box, NOV, and Automatic Data Processing showed strength.
The Dow Jones Industrial Average fell, while AI stock Microsoft jumped, oil stocks rose as Saudi Arabia and Russia extended production cuts, and several Warren Buffett stocks are near entry points.
U.S. stocks slipped as worrying data out of China and a spike in oil prices following the extension of Saudi Arabian production cuts weighed on the market. The Dow Jones Industrial Average fell 0.6%, while the S&P 500 lost 0.4% and the Nasdaq dipped 0.1%.
The Dow Jones Industrial Average fell 0.6% as major indexes tested their 50-day lines, while the S&P 500 and Nasdaq both experienced declines midday.
Stock indexes decline as concerns about future rate hikes and sluggish market performance in September weigh on investor sentiment, with the tech-heavy Nasdaq Composite falling for the third consecutive day and the Dow Jones Industrial Average and S&P 500 on a two-day losing streak.
US stocks are experiencing their worst performance in September since 1928, but there are signs that the market could avoid a steep downturn this year, with indicators suggesting more stability and positive gains for the rest of the year, according to Mark Hackett, chief of research at US investment firm Nationwide. However, challenges such as elevated oil prices and inflation could put strain on the stock market and the US economy.
The stock market is currently experiencing its worst 10-day stretch of the year, according to historical data.
Stocks plunged on Thursday and the S&P 500 suffered its worst day since March as increasing investor risk aversion and a surge in bond yields raised concerns about the US economy and impacted both stock and bond investors.
The recent stock market drop, the worst since March, raises questions about whether it is just a result of the season or if something more sinister is at play.
Stocks fell last week, experiencing the worst week since March, highlighting the typical volatility of the stock market, but emphasizing the importance of staying invested for the long term as time in the market beats timing the market.
U.S. equity markets experienced their worst week since March as benchmark interest rates surged, causing concerns about tight monetary policy, a potential government shutdown, and trade tensions with China, resulting in losses for real estate equities and mortgage rates reaching their highest level since 2002.
Stocks slid as fears of higher interest rates, a decline in consumer confidence, and a potential government shutdown weighed on investor sentiment, leading to losses in the S&P 500 and Dow Jones Industrial Average.
The stock market experienced another ugly day, with major indexes dropping and no bounce or dip buying, leading some to believe that we are in a bear market despite the lack of official acknowledgement.
Major stock market indexes dipped into negative territory on Wednesday, continuing Tuesday's losses, despite some positive news from August durable goods numbers. The Dow Jones, S&P 500, and Nasdaq all saw declines, with the Dow Jones now breaking its 200-day moving average.
In September, the stock market had a poor performance, which is typical for this month.
Stocks ended the day higher as the surge in oil, the dollar, and Treasury yields slowed down, with the Nasdaq rising 0.8%, the S&P 500 gaining 0.6%, and the Dow Jones Industrial Average rising 0.4%.
Historically the worst month for stocks, September sent the market lower for the third quarter, causing pain on Wall Street.
The S&P 500, Dow Jones, and Nasdaq experienced their worst quarterly losses since last year's third quarter as investors shifted their focus to concerning macroeconomic conditions and the potential impact on growth-friendly investments.
Stock markets are experiencing their worst month of the year, as the Federal Reserve confirms its commitment to keeping interest rates higher for a longer period, leading to concerns about the Fed's hawkish stance continuing to weigh on stocks.
Stocks had their worst month of the year in September, and the start of a new quarter is not expected to bring much relief as economic data, including the September jobs report, highlights a week of key updates.
Stocks mostly fell in the U.S. on Friday, with the S&P 500 and Dow Jones Industrial Average declining, while the Nasdaq Composite inched up; all three indexes ended the month of September in the red, with the S&P and Nasdaq experiencing their worst monthly performance since December, and the Dow having its worst showing since February.
The Dow fell sharply and turned negative for the year as US Treasury yields surged, causing a selloff in stocks.
The stock market's decline has pushed the Dow into negative territory for the year, and the focus is now on the S&P 500's approaching level of support at 4,200.
The Dow Jones Industrial Average is poised for its worst day in months as the stock market selloff continues, driven by losses in Goldman Sachs, Microsoft, and American Express.
The Dow Jones Industrial Average and other indexes took a major hit in the stock market, with the Dow falling more than 500 points and the Nasdaq and S&P 500 also experiencing significant losses, as the cost of borrowing money increased and the yield on the Treasury 10-year bond reached a 16-year high.
The stock market declined as the Dow lost 430 points and the Nasdaq lost 248 points, with the overall market being negatively affected by a higher 10-year bond yield and robust labor force data, while political turmoil in the House of Representatives and the possibility of a government shutdown added to the market's uncertainty.
Stock markets experienced a decline as Treasury yields reached a 16-year peak, leading to a 1.2% decrease in the Dow Jones Industrial Average and notable declines in the S&P 500 and Nasdaq Composite, with concerns of higher interest rates provoking fears of an economic recession.
September was the worst month of the year for the stock market, with all three major U.S. financial indexes experiencing declines, but cybersecurity leaders CrowdStrike and Zscaler are well-positioned for future growth despite their stock price drops.
Stock indexes reversed and fell sharply in afternoon trading after a key inflation report revealed that consumer prices climbed higher than expected, with the Dow Jones Industrial Average falling 1% and approaching its lows for the day by early afternoon.
The Dow Jones Industrial Average fell after Federal Reserve Chair Jerome Powell spoke on inflation and interest rates, while Netflix stock surged on strong earnings and Tesla stock dropped after Elon Musk's warning about the Cybertruck. Microsoft, HealthEquity, Vistra, and Cencora also had notable movements.
The Dow fell on Monday due to weakness in energy and financials, despite a rally in tech and a reversal in Treasury yields, ahead of a busy week for corporate earnings.
The Dow Jones Industrial Average ends a four-day losing streak as investors focus on strong earnings from companies like Coca-Cola and Verizon, while Microsoft and Alphabet also report positive quarterly results.
Wall Street ends its worst week in a month as the stock market struggles under the weight of high yields and the bond market, impacting borrowing costs and economic growth.