Could a weak nonfarm payroll report save the U.S. stock market on Tuesday? Morgan Stanley's chief strategist suggests that softer employment data may help drive equity markets higher.
Economists predict that non-farm payrolls may have experienced negative growth in October, with an increase of 50,000 expected in November and the unemployment rate reaching a four-year high. Wilson, Morgan Stanley’s chief U.S. equity strategist, believes that the market has returned to a state where positive economic data is interpreted as bad news for stocks, and weak labor market figures will raise the likelihood of further interest rate cuts next year. Citi forecasts a 17% rise in the S&P 500 next year, driven by strong earnings growth and accommodative monetary policy.
Stock Market Today, Dec. 15: U.S Stocks Ease as Investors Wait for Rate Clarity
Nasdaq fires the first shot! Officially submits plan for 'round-the-clock trading' on US stock market.
Nasdaq has officially filed with the U.S. Securities and Exchange Commission to extend stock trading hours significantly to 23 hours a day, five days a week, marking a key step toward '7x24' around-the-clock trading, aiming to meet global investors' demand for trading U.S. stocks.
Stock Market Today, Dec. 15: Broadcom Slides After AI Margin Concerns Weigh on Stock
U.S. Stocks Close | Major Indices All Drop, Most Tech Stocks Decline; Broadcom Falls Over 5%, Tesla Rises Over 3% to Hit a New Yearly High; Cryptocurrencies Slump, Circle Drops Nearly 10%
US Treasury volatility dropped to its lowest level since May of last year, with the 10-year Treasury yield edging down by 0.5 basis points. The US dollar fell for the fourth consecutive session. The offshore yuan once breached the 7.04 level. Ethereum plunged nearly 9% from its daily high, falling below the $3,000 mark. Gold approached last Friday's high before dropping more than 1.5%. Silver rose 3.7%, reclaiming the $64 level.
Stock Market Today: Dow, S&P 500, Nasdaq Futures Steady With All Eyes on Delayed Jobs Report