News-News.Zip

News in English (USA) / 30.09.2024 / 19:00

US Stock Market Faces Uncertainty Ahead of Key Economic Data and Fed Chair Speech

As Wall Street starts a pivotal week marked by the upcoming jobs report and a highly anticipated speech from Federal Reserve Chair Jerome Powell, stock markets displayed mixed signals. The Dow and Nasdaq edged lower, while major indexes remain poised for monthly and quarterly gains. Investors are hopeful for a 'Goldilocks' scenario - jobs data that is neither too hot nor too cold - to maintain the recent bullish sentiment. Global markets also experienced volatility, with Japan's stocks slumping while Chinese markets surged. Attention is focused on job figures and economic indicators that will guide expectations for potential Fed rate cuts. Powell's insights are expected to clarify the central bank's stance amid rising concerns about policy missteps as the 2024 election approaches. Overall, the market outlook remains cautious but optimistic with significant data and events on the horizon.
Yahoo Finance, Investopedia, MarketWatch, Mint, CNBC, Bloomberg, The Wall Street Journal, "Investors Business Daily", Benzinga, Seeking Alpha