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2022-11-05
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US STOCKS-Wall St slips in choppy trade after mixed jobs report
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brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1667582875,"share":"https://ttm.financial/m/news/2281689076?lang=&edition=fundamental","pubTime":"2022-11-05 01:27","market":"sh","language":"en","title":"US STOCKS-Wall St slips in choppy trade after mixed jobs report","url":"https://stock-news.laohu8.com/highlight/detail?id=2281689076","media":"Reuters","summary":"(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news","content":"<html><body><p>(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)</p><p> * </p><p> Data shows strong jobs growth, uptick in jobless rate </p><p> * </p><p> Starbucks, DoorDash jump on upbeat results</p><p> * </p><p> U.S-listed China firms rise on reopening hopes</p><p> * </p><p> Indexes down: Dow 0.02%, S&P 0.07%, Nasdaq 0.41%</p><p>(Updates prices, adds comment)</p><p> By Amruta Khandekar</p><p> Nov 4 (Reuters) - </p><p> Wall Street's main indexes slipped in choppy trade on Friday as investors digested a mixed jobs report that had lifted hopes of the Federal Reserve shifting to smaller rate hikes in the future.</p><p> The S&P 500 and the Nasdaq each rose as much as 2% after a closely watched report showed an </p><p> uptick in the unemployment rate</p><p> in October, pointing to some cooling in the labor market that could give the Fed cover to reduce the size of its rate hikes from December.</p><p> However, the non-farm payrolls report also showed average hourly earnings rose 0.4% in October against a forecast of 0.3%, while job growth was stronger than expected.</p><p> \"You've got a real battle here between the bulls and the bears,\" said Dennis Dick, market structure analyst and trader at Triple D Trading.</p><p> \"The bears are saying the Fed is not going to pivot till data starts coming in not as hot, (while) the bulls are saying that a lot of this bearishness is all priced in.\"</p><p> The report was a key focus area for markets after hawkish comments from Fed Chair Jerome Powell on Wednesday spurred fears that the central bank could keep raising borrowing costs for longer than previously expected.</p><p> Megacap technology firms Alphabet and Microsoft rose 1.8% and 1.6% respectively in volatile trade, while the energy sector , which was rallying earlier, cut gains and was last up 0.1%.</p><p> \"You're seeing a lot of rotation happening and what that does is (add) to a lot of choppiness in the market,\" Dick said.</p><p> The non-farm payrolls report comes on the heels of a conflicting set of data which, while pointing to a slowdown in certain pockets of the economy, has highlighted resilience in labor demand in the United States despite the Fed's aggressive policy moves to control inflation.</p><p> Traders' bets of a 75 basis point rate hike in December had briefly spiked after the jobs report but are now split between odds of a 50 bps and 75 bps increase.</p><p> Market focus will now turn to a key inflation reading due next week as well as U.S. midterm elections on Nov. 8, where control of Congress is at stake. </p><p> \"The market prefers a divided government, and looks like that's where we're headed. It certainly stops some policies that could be damaging the economy,\" said Mace McCain, chief investment officer of Frost Investment Advisors.</p><p> Meanwhile, </p><p> hopes of an easing</p><p> in China's tough COVID-19 curbs supported some areas of the market,with U.S.-listed shares of Chinese companies including Alibaba , JD.com and Baidu gaining between 5% and 9%.</p><p> The materials sector rose 2.0% and was the biggest gainer among S&P 500 sectors. </p><p> At 12:53 p.m. ET, the Dow Jones Industrial Average was down 5.23 points, or 0.02%, at 31,996.02, the S&P 500 was down 2.59 points, or 0.07%, at 3,717.30, and the Nasdaq Composite was down 42.74 points, or 0.41%, at 10,300.20.</p><p> Starbucks Corp rose 7.8% after it topped Wall Street estimates for quarterly comparable sales and profit, while DoorDash Inc's revenue beat lifted the food delivery firm's shares 5.8%</p><p> <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings Inc fell 5.0% after the online payments firm cut its annual revenue growth forecast.</p><p> Advancing issues outnumbered decliners by a 1.66-to-1 ratio on the NYSE and for a 1.03-to-1 ratio on the Nasdaq.</p><p> The S&P index recorded 17 new 52-week highs and 27 new lows, while the Nasdaq recorded 61 new highs and 210 new lows.</p><p>(Reporting by Shubham Batra, Amruta Khandekar and Sruthi Shankar in Bengaluru; Additional reporting by Medha Singh and Ankika Biswas; Editing by Sriraj Kalluvila and Maju Samuel)</p><p>((Shubham.Batra@thomsonreuters.com;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall St slips in choppy trade after mixed jobs report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall St slips in choppy trade after mixed jobs report\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-11-05 01:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)</p><p> * </p><p> Data shows strong jobs growth, uptick in jobless rate </p><p> * </p><p> Starbucks, DoorDash jump on upbeat results</p><p> * </p><p> U.S-listed China firms rise on reopening hopes</p><p> * </p><p> Indexes down: Dow 0.02%, S&P 0.07%, Nasdaq 0.41%</p><p>(Updates prices, adds comment)</p><p> By Amruta Khandekar</p><p> Nov 4 (Reuters) - </p><p> Wall Street's main indexes slipped in choppy trade on Friday as investors digested a mixed jobs report that had lifted hopes of the Federal Reserve shifting to smaller rate hikes in the future.</p><p> The S&P 500 and the Nasdaq each rose as much as 2% after a closely watched report showed an </p><p> uptick in the unemployment rate</p><p> in October, pointing to some cooling in the labor market that could give the Fed cover to reduce the size of its rate hikes from December.</p><p> However, the non-farm payrolls report also showed average hourly earnings rose 0.4% in October against a forecast of 0.3%, while job growth was stronger than expected.</p><p> \"You've got a real battle here between the bulls and the bears,\" said Dennis Dick, market structure analyst and trader at Triple D Trading.</p><p> \"The bears are saying the Fed is not going to pivot till data starts coming in not as hot, (while) the bulls are saying that a lot of this bearishness is all priced in.\"</p><p> The report was a key focus area for markets after hawkish comments from Fed Chair Jerome Powell on Wednesday spurred fears that the central bank could keep raising borrowing costs for longer than previously expected.</p><p> Megacap technology firms Alphabet and Microsoft rose 1.8% and 1.6% respectively in volatile trade, while the energy sector , which was rallying earlier, cut gains and was last up 0.1%.</p><p> \"You're seeing a lot of rotation happening and what that does is (add) to a lot of choppiness in the market,\" Dick said.</p><p> The non-farm payrolls report comes on the heels of a conflicting set of data which, while pointing to a slowdown in certain pockets of the economy, has highlighted resilience in labor demand in the United States despite the Fed's aggressive policy moves to control inflation.</p><p> Traders' bets of a 75 basis point rate hike in December had briefly spiked after the jobs report but are now split between odds of a 50 bps and 75 bps increase.</p><p> Market focus will now turn to a key inflation reading due next week as well as U.S. midterm elections on Nov. 8, where control of Congress is at stake. </p><p> \"The market prefers a divided government, and looks like that's where we're headed. It certainly stops some policies that could be damaging the economy,\" said Mace McCain, chief investment officer of Frost Investment Advisors.</p><p> Meanwhile, </p><p> hopes of an easing</p><p> in China's tough COVID-19 curbs supported some areas of the market,with U.S.-listed shares of Chinese companies including Alibaba , JD.com and Baidu gaining between 5% and 9%.</p><p> The materials sector rose 2.0% and was the biggest gainer among S&P 500 sectors. </p><p> At 12:53 p.m. ET, the Dow Jones Industrial Average was down 5.23 points, or 0.02%, at 31,996.02, the S&P 500 was down 2.59 points, or 0.07%, at 3,717.30, and the Nasdaq Composite was down 42.74 points, or 0.41%, at 10,300.20.</p><p> Starbucks Corp rose 7.8% after it topped Wall Street estimates for quarterly comparable sales and profit, while DoorDash Inc's revenue beat lifted the food delivery firm's shares 5.8%</p><p> <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings Inc fell 5.0% after the online payments firm cut its annual revenue growth forecast.</p><p> Advancing issues outnumbered decliners by a 1.66-to-1 ratio on the NYSE and for a 1.03-to-1 ratio on the Nasdaq.</p><p> The S&P index recorded 17 new 52-week highs and 27 new lows, while the Nasdaq recorded 61 new highs and 210 new lows.</p><p>(Reporting by Shubham Batra, Amruta Khandekar and Sruthi Shankar in Bengaluru; Additional reporting by Medha Singh and Ankika Biswas; Editing by Sriraj Kalluvila and Maju Samuel)</p><p>((Shubham.Batra@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴",".DJI":"道琼斯","SDOW":"道指三倍做空ETF-ProShares","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","QQQ":"纳指100ETF",".IXIC":"NASDAQ Composite","BK4554":"元宇宙及AR概念","BK4514":"搜索引擎","BK4531":"中概回港概念","LU1688375341.USD":"贝莱德中国灵活股票基金","BK4534":"瑞士信贷持仓","QNETCN":"纳斯达克中美互联网老虎指数","09618":"京东集团-SW","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4509":"腾讯概念","BK4566":"资本集团","BK4535":"淡马锡持仓","BK4524":"宅经济概念","DJX":"1/100道琼斯","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","TQQQ":"纳指三倍做多ETF","BK4538":"云计算","DDM":"道指两倍做多ETF","BK4077":"互动媒体与服务","BK4579":"人工智能","PYPL":"PayPal","BK4526":"热门中概股","BK4552":"Archegos爆仓风波概念","PSQ":"纳指反向ETF","LU1115378108.SGD":"Eastspring Investments - Global Emerging Markets Dynamic AS SGD","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","SG9999002463.SGD":"LionGlobal China Growth SGD","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","IE0008368742.USD":"首域中国增长基金I Acc","BK4574":"无人驾驶","BIDU":"百度","SQQQ":"纳指三倍做空ETF","DOG":"道指反向ETF","BK4502":"阿里概念","BK4505":"高瓴资本持仓","JD":"京东","LU1861217088.USD":"贝莱德金融科技A2","BK4504":"桥水持仓","BK4581":"高盛持仓","BK4209":"餐馆","IE00BGV7N243.SGD":"FSSA Global Emerging Markets Focus I Acc SGD","LU0287142896.SGD":"Fidelity China Focus A-SGD","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2281689076","content_text":"(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Data shows strong jobs growth, uptick in jobless rate * Starbucks, DoorDash jump on upbeat results * U.S-listed China firms rise on reopening hopes * Indexes down: Dow 0.02%, S&P 0.07%, Nasdaq 0.41%(Updates prices, adds comment) By Amruta Khandekar Nov 4 (Reuters) - Wall Street's main indexes slipped in choppy trade on Friday as investors digested a mixed jobs report that had lifted hopes of the Federal Reserve shifting to smaller rate hikes in the future. The S&P 500 and the Nasdaq each rose as much as 2% after a closely watched report showed an uptick in the unemployment rate in October, pointing to some cooling in the labor market that could give the Fed cover to reduce the size of its rate hikes from December. However, the non-farm payrolls report also showed average hourly earnings rose 0.4% in October against a forecast of 0.3%, while job growth was stronger than expected. \"You've got a real battle here between the bulls and the bears,\" said Dennis Dick, market structure analyst and trader at Triple D Trading. \"The bears are saying the Fed is not going to pivot till data starts coming in not as hot, (while) the bulls are saying that a lot of this bearishness is all priced in.\" The report was a key focus area for markets after hawkish comments from Fed Chair Jerome Powell on Wednesday spurred fears that the central bank could keep raising borrowing costs for longer than previously expected. Megacap technology firms Alphabet and Microsoft rose 1.8% and 1.6% respectively in volatile trade, while the energy sector , which was rallying earlier, cut gains and was last up 0.1%. \"You're seeing a lot of rotation happening and what that does is (add) to a lot of choppiness in the market,\" Dick said. The non-farm payrolls report comes on the heels of a conflicting set of data which, while pointing to a slowdown in certain pockets of the economy, has highlighted resilience in labor demand in the United States despite the Fed's aggressive policy moves to control inflation. Traders' bets of a 75 basis point rate hike in December had briefly spiked after the jobs report but are now split between odds of a 50 bps and 75 bps increase. Market focus will now turn to a key inflation reading due next week as well as U.S. midterm elections on Nov. 8, where control of Congress is at stake. \"The market prefers a divided government, and looks like that's where we're headed. It certainly stops some policies that could be damaging the economy,\" said Mace McCain, chief investment officer of Frost Investment Advisors. Meanwhile, hopes of an easing in China's tough COVID-19 curbs supported some areas of the market,with U.S.-listed shares of Chinese companies including Alibaba , JD.com and Baidu gaining between 5% and 9%. The materials sector rose 2.0% and was the biggest gainer among S&P 500 sectors. At 12:53 p.m. ET, the Dow Jones Industrial Average was down 5.23 points, or 0.02%, at 31,996.02, the S&P 500 was down 2.59 points, or 0.07%, at 3,717.30, and the Nasdaq Composite was down 42.74 points, or 0.41%, at 10,300.20. Starbucks Corp rose 7.8% after it topped Wall Street estimates for quarterly comparable sales and profit, while DoorDash Inc's revenue beat lifted the food delivery firm's shares 5.8% PayPal Holdings Inc fell 5.0% after the online payments firm cut its annual revenue growth forecast. Advancing issues outnumbered decliners by a 1.66-to-1 ratio on the NYSE and for a 1.03-to-1 ratio on the Nasdaq. The S&P index recorded 17 new 52-week highs and 27 new lows, while the Nasdaq recorded 61 new highs and 210 new lows.(Reporting by Shubham Batra, Amruta Khandekar and Sruthi Shankar in Bengaluru; Additional reporting by Medha Singh and Ankika Biswas; Editing by Sriraj Kalluvila and Maju Samuel)((Shubham.Batra@thomsonreuters.com;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9984890982,"gmtCreate":1667585786946,"gmtModify":1676537941128,"author":{"id":"3573614223339100","authorId":"3573614223339100","name":"淓淋","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573614223339100","idStr":"3573614223339100"},"themes":[],"htmlText":"Redpe","listText":"Redpe","text":"Redpe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9984890982","repostId":"2281689076","repostType":2,"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
