Nasdaq fall Friday

Nasdaq fall Friday: Stocks wavered Friday in a volatile trading session after the July jobs report was much better than expected, as investors assessed what a strong labor market would mean for the Federal Reserve’s rate tightening campaign.

The Dow Jones Industrial Average gained 76.65 points, or 0.23%, to end at 32,803.47. Even with Friday’s gains, however, it fell on the week. The S&P 500 shed 0.16% to end at 4,145.19, and the Nasdaq Composite lost 0.50% Friday, falling to 12,657.56. Still, both the S&P 500 and the Nasdaq ended the first week of August higher.

Wall Street set to fall as solid jobs data fuels rate hike worries

Losses were offset by bank stocks, which rose in hopes that interest rate hikes will continue at a solid clip. Energy stocks also gained, but technology companies slumped.

The labor market added 528,000 jobs in July, easily beating a Dow Jones estimate of a 258,000 increase. The unemployment rate ticked down to 3.5%, below the 3.6% estimate. Wage growth also rose more than estimated, up 0.5% for the month and 5.2% higher than a year ago, signaling that high inflation is likely still a problem.

Stocks opened lower following the report, even as it seemed to indicate the economy was not currently in a recession. Job growth was expected to slow as the Fed continues to hike interest rates to tame inflation, but this report shows a labor market still running hot. That means the central bank may act more aggressively at its next meeting.

US STOCKS SNAPSHOT-Futures fall sharply as strong jobs data fuels rate-hike worries

“Anybody that jumped on the ‘Fed is going to pivot next year and start cutting rates’ is going to have to get off at the next station, because that’s not in the cards,” said Art Hogan, chief market strategist at B. Riley Financial. “It is a situation where the economy is not screeching or heading into a recession here and now.”

Friday’s jobs report is a crucial one as it’s one of two the central bank will see before it decides how much to raise rates at its September meeting. Indeed, traders are already betting on a tougher stance from the Fed. Policymakers will have another jobs report and two more consumer price index numbers to weigh before the central bank makes its next rate decision.

Today’s Stock Market News, Aug. 5, 2022: S&P 500 Finishes Lower After U.S. Economy Added 528,000 Jobs in July

Major averages posted their best month since 2020 in July in the hope the Fed would slow the pace of its hikes. The S&P 500 added 9.1% last month.

Warner Brothers Discovery’s first earnings report as a merged entity captured the attention of the pros on CNBC. Shares tumbled more than 16% Friday. On the horizon, Disney’s quarterly results — due Wednesday — are also a major focal point for investors and analysts.

Nasdaq Live Today | ETMarkets – The Economic Times

https://economictimes.indiatimes.com › markets › nasdaq

US stocks fall after open on rate hike woes. At 9:33 a.m. ET, the S&P 500 was down 9.67 points, or 0.25%, at 3,811.88, and the Nasdaq Composite was down 

Stock Market Crash – The Economic Times

https://economictimes.indiatimes.com › markets › stock

Investors were left poorer by Rs 3.36 lakh crore as the total market cap of BSE-listed firms, which reflects investor wealth, slipped to Rs 269.85 lakh crore.

Market Activity – Nasdaq

https://www.nasdaq.com › market-activity

Find the latest stock market trends and activity today. Compare key indexes, including Nasdaq Composite, Nasdaq-100, Dow Jones Industrial & more.

Wall Street closes lower as ad tech, social media stocks drop

https://www.reuters.com › markets › sp-500-nasdaq-futur

22-Jul-2022 — U.S. stocks ended lower on Friday as disappointing earnings from Snap spooked Indexes down: Dow 0.43%, S&P 500 0.93%, Nasdaq 1.87%.

U.S. Stock Market Headlines – Reuters

https://www.reuters.com › markets

Business August 5, 2022 · 12:26 PM PDT. Business calendar: ever rising prices. From a check on inflation in the U.S. and China, to a reality check for the

Latest Stock Market News – Yahoo Finance

https://finance.yahoo.com › topic › stock-market-news

The market rally showed resilience after Friday’s jobs report. Apple, Tesla and these 5 chip stocks could use this. Investor’s Business Daily 

Stocks Were Lower Friday Despite the Strong July Jobs 

https://time.com › NextAdvisor › Investing

6 hours ago — Stocks fall after the U.S. economy added 528000 jobs in July.Here’s Why the Stock Market Is Dropping, and How Investors Can Prepare.

Stock Market News Live Updates – Wall Street Journal

https://www.wsj.com › livecoverage › stock-market-tod.

Full coverage of the stock market after the biggest selloff on Wall Street since 2020. Also news on what the latest U.S. jobs numbers tell us about the 

S&P 500 Enters Bear Market as Dow, Nasdaq Fall

https://www.wsj.com › Markets › U.S. Markets

13-Jun-2022 — The stock-market selloff deepened Monday, with the S&P 500 entering a bear market, as investors took another look at Friday’s red-hot 

Stock Market Today: Dow, S&P Live Updates for July 11, 2022

https://www.bloomberg.com › news › articles › asia-set-

10-Jul-2022 — “Even if earnings estimates stay stable and especially if they decline, the stock market is going to have to fall further before we see an 

United States Stock Market Index (US30) – 2022 Data

https://tradingeconomics.com › United States

The Dow rose more than 70 points on Friday, while the S&P 500 and Nasdaq dropped 0.2% and 0.5%, respectively, after the US jobs report showed 

Nasdaq Composite Price, Real-time Quote & News – Google

https://www.google.com › .IXIC:INDEXNASDAQ

Nasdaq Bear Market: 5 Fantastic Growth Stocks You’ll Regret Not Buying On the Dip · CNBC. 1 day ago. S&P 500, Nasdaq fall Friday, but notch weekly gains 

U.S. Stocks Poised to Fall on Monday – Barron’s

https://www.barrons.com › articles › us-stock-market-futu

5 days ago — On Sunday night, Dow Jones Industrial Average futures were down 133 points, or 0.4%, while the S&P 500 futures fell 0.4%, and Nasdaq 

What to Expect in the Markets Next Week – Investopedia

https://www.investopedia.com › News › Markets News

U.S. equity markets ended Friday’s session mixed, For the week, the Nasdaq posted a gain of 2.2%, and the S&P 500 rose 0.4%, while the Dow shed 0.1%.

S&P 500, Dow, Nasdaq all tumble as rate pressures grow 

https://www.usatoday.com › story › money › 2022/06/09

09-Jun-2022 — S&P 500, Dow and Nasdaq slid the day before CPI data on Friday.Speculation has been rising and falling that the Fed could take a pause 

Stock Market Data – CNN

https://www.cnn.com › markets

Stock market data coverage from CNN. View US markets, world markets, Friday’s job report will likely show slower growth. That’s what the Fed wants.

 

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