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Dollar shines, stocks stumble after stellar US jobs data - Expat Guide to the United Kingdom

Dollar shines, stocks stumble after stellar US jobs data
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The dollar shined but equities mostly spun their wheels on both sides of the Atlantic Thursday as a hiring surge and drop in unemployment rekindled worries about a tightening of US monetary policy.
Data from payroll services firm ADP showed that private US firms added 978,000 jobs last month, far more than expected. Meanwhile, Labor Department data showed new claims for unemployment benefits last week fell below 400,000 for the first time since the pandemic.
But Wall Street’s main stock indices fell on the news, although the Dow managed to break into positive territory in late morning trading. ....

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Rand, stocks shudder as US jobs data shine

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World market fell on Thursday as a hiring surge and drop in unemployment rekindled worries about a tightening of monetary policy.
Data from payroll services firm ADP showed that private US firms added 978,000 jobs last month, far more than expected. Meanwhile, Labour Department data showed new claims for unemployment benefits last week fell below 400,000 for the first time since the pandemic.
But Wall Street s main stock indices opened lower, with the Dow shedding 0.4 percent as trading got underway.
Stock futures have taken a nose dive after the US data as investors begin to worry about the possibility of tightening of the Fed s monetary policy, Naeem Aslam, chief market analyst at Avatrade, wrote before trading began on Wall Street. ....

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On Hold: Market Flinches From New Highs As Positioning Continues Ahead Of Jobs Data

If you dip your toe in to meme stocks, remember elevated volatility means elevated risk. ....

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Dollar Shines, Stocks Stumble After Stellar US Jobs Data

Dollar Shines, Stocks Stumble After Stellar US Jobs Data
06/03/21 AT 12:01 PM
The dollar shined but equities mostly spun their wheels on both sides of the Atlantic Thursday as a hiring surge and drop in unemployment rekindled worries about a tightening of US monetary policy.
Data from payroll services firm ADP showed that private US firms added 978,000 jobs last month, far more than expected. Meanwhile, Labor Department data showed new claims for unemployment benefits last week fell below 400,000 for the first time since the pandemic.
But Wall Street s main stock indices fell on the news, although the Dow managed to break into positive territory in late morning trading. ....

New York , United States , France General , Hong Kong , United Kingdom , City Of , Naeem Aslam , Jerome Powel , Lukman Otunuga , Chris Beauchamp , Or July Federal Open Market Committee , Labor Department , Atlantic Thursday , Wall Street , July Federal Open Market Committee , Seng Index , North Sea , Texas Intermediate , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , பிரான்ஸ் ஜநரல் , ஹாங் காங் , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , ந்ஈம் அஸ்லம் , ஜெரோம் போவேள் ,