U.S. stocks were getting smoked on Friday after the crucial jobs report came in warmer than expected and jitters over the stunning failure of Silicon Valley Bank (SIVB) continued to weigh on markets. Checking back in on the S&P 500 (^GSPC) around 1p.m. ET, the index turned red by 1.5%, […]
Edge
U.S. stocks wavered on Wednesday, following two job prints that showed the labor market remains tight amid sticky inflation. Wall Street also heard from Federal Reserve Chair Jerome Powell before the House Financial Services Committee Wednesday morning. Powell continued to stress that “no decision” has been made on the size […]
The number of Americans filing first-time claims for unemployment benefits rose by 4,000 to 230,000 last week, the Labor Department reported on Thursday. The four-week moving average, meanwhile, was 230,000 – up 1,000 from the prior period. The weekly number was in line with estimates of 230,000 and compares to […]