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US job opportunities have fallen below 11 million for the first time since last fall as hiring slows

Numbers: US job opportunities fell to 10.7 million in June to its lowest level since last fall, indicating that an overheated labor market is easing a bit as the economy slows. Jobs fell from 11.3 million in May. It has fallen three months in a row after peaking in early spring at a record 11.9 …

US job opportunities have fallen below 11 million for the first time since last fall as hiring slows Read More »

JPMorgan, which has called for a summer rebound in stocks, says the rally could continue even if corporate profits fall

Investors worried about the next decline in stocks may want to pause and consider this: The decline in stock valuations since the start of the year has already exceeded the average decline for other recessions since the early 1990s, according to JPMorgan Chase & Co. The amount of shares Marko Kolanovic. While more Wall Street …

JPMorgan, which has called for a summer rebound in stocks, says the rally could continue even if corporate profits fall Read More »

ISM found that US factories are growing at the slowest pace in two years. New orders fall again in bad omen

Numbers: A key gauge of US factories fell to a 25-month low of 52.8% in July in a sign of creeping weakness in the US economy. The good news? Inflation pressures eased. The manufacturing gauge that the Institute for Supply Management closely tracks is down from 53% in June, largely due to another drop in …

ISM found that US factories are growing at the slowest pace in two years. New orders fall again in bad omen Read More »

Elon Musk says inflation may have peaked. Bill Ackman agrees, but says the Fed is still making a mistake.

The market has been in full festive mode in the 48 hours since Fed Chairman Jerome Powell said the central bank is switching to a data-driven stance to set interest rates. This is the best you can see on Nasdaq Composite COMP, + 1.08%And the Which rose 4.1% on Wednesday and then another 1.1% on …

Elon Musk says inflation may have peaked. Bill Ackman agrees, but says the Fed is still making a mistake. Read More »

Dow Jones rises 200 points, stocks hit 6-week highs as investors shrug off weak GDP numbers

US stocks rose to their highest level in more than six weeks on Thursday as investors digested the second-quarter gross domestic product data as well as a string of corporate earnings reports and the latest interest rate hike from the Federal Reserve. How are shares traded? Dow Jones Industrial Average DJIA, + 1.20% It gained …

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Is the stock market bottoming out? What the professionals say after testing the S&P 500 for 4000

Stock market bulls are hammering their heads above the barrier, announcing 2022 selling lows as indexes extend their bounce from June lows, while skeptics still see little evidence of more than a bear market rebound. S&P 500 SPX Index, -0.93% It fell 0.9% on Friday to close at 3,961.63, but recorded a weekly rise of …

Is the stock market bottoming out? What the professionals say after testing the S&P 500 for 4000 Read More »