The Dow fell more than 300 points on Thursday as strong jobs data spooked investors
A number of reports this week show that the labor market remains resilient to the Federal Reserve’s attempts to tame inflation by raising interest rates and cooling the economy. The reports stoked investors’ fears that the central bank will continue with its painful hiking regimen well into 2023. The Dow ended the day down 340 points, or 1%. The S&P 500 fell 1.2% and the Nasdaq Composite was 1.5% lower.
“If you see the indicators in the labor market and if you look at very sticky components of inflation like services inflation, I think it’s clear that we haven’t turned the corner yet on inflation,” Gita Gopinath, the IMF’s second-in-command told the Financial Times this week. The IMF’s advice to the Fed, she said, was to “stay the course.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Dow drops 300 points as strong jobs data suggests more aggressive Fed rate hikesU.S. stocks finished lower on Thursday, with the Dow dropping more than 300 points, as strong jobs data and hawkish Fed commentary signaled more aggressive Federal Reserve interest-rate hikes to come. The DJIA retreated 339.69, or 1%, to 32,930.08.
Leer más »
Arrival of 300 migrants prompts closure of remote Florida national parkDry Tortugas National Park is closed while authorities process the migrants, amid a recent uptick in arrivals to the Florida Keys.
Leer más »
'2 adults, 2 children went 300 feet over a cliff': Intentional crash shocks emergency crewsDr. Dharmesh A. Patel is accused of intentionally driving 250 to 300 feet off Devil's Slide cliff near San Francisco with his wife and two young kids inside the car.
Leer más »
Columbo murders: Frank DeLuca dies in prison while serving more than 300 yearsFrank DeLuca, convicted along with Patricia Columbo in the murder of three of her family members, was 84.
Leer más »
Researchers Dig Into the Genetic History of VikingsNearly 300 genomes from 2,000 years of Scandinavian history point at several new findings.
Leer más »