2024-08-02 05:50:09
Stocks
Economy

Stocks Stumble on Growth Fears with US Jobs Data Eyed

Image courtesy of : AFP (SPENCER PLATT)

Stocks and Treasury yields fell as weaker U.S. data sparked economic slowdown fears. Japan's Nikkei tumbled amid yen gains after the Bank of Japan raised rates.

Investors await the U.S. nonfarm payrolls report for further clues on the economy. Geopolitical tensions and weak tech earnings also weighed on markets.

The Dow Jones futures fell, tech giants reported earnings, and Nvidia announced job cuts and a suspended dividend. Flaring economic worries threaten the U.S. stock rally, with concerns over the presidential race volatility and the Fed's balancing act between economic weakness and corporate earnings.

Hong Kong stocks slid after the U.S. data shock triggered a regional sell-off. Local developers and EV makers faced pressure, while deflation and Beijing's stimulus inaction pushed investors to reduce exposure.

Overall, the stock market experienced a slump, with stocks crashing, indexes tanking, and treasury yields hitting multi-month lows.

Yahoo Finance
2. August 2024 um 01:30

Stocks stumble on growth fears with US jobs data eyed

Finance
Economy
Stocks and Treasury yields fell, with Nasdaq and S&P 500 futures declining, as weaker U.S. factory data and unemployment claims sparked economic slowdown fears. Japan's Nikkei tumbled 5%, on track for a 3.5% weekly decline, amid yen gains after the Bank of Japan raised rates. Investors now await the U.S. nonfarm payrolls report for further clues on the economy.
Yahoo News
2. August 2024 um 04:26

Stock market today: Indexes tank as data paints a negative picture for the economy

Finance
Economy
Stocks crashed amid rising unemployment, contracting manufacturing, falling construction and home building, spurring 100% Fed rate cut expectations per CME, despite investor optimism.
Yahoo Finance
2. August 2024 um 04:40

Morning Bid: New worries over growth spook markets

Finance
Economy
Politics
Weaker U.S. data sparked growth fears, triggering a selloff in risk assets. Traders now expect a 50-bps Fed cut in September. Geopolitical tensions also weighed, with Israel announcing a Hamas leader's killing. Investors await U.S. jobs data, where a miss could accelerate the retreat. Japan's Nikkei headed for its worst day in 4+ years as a stronger yen threatened exporters, following the BOJ's rate hike. Economists expect 175,000 U.S. jobs added in July, down from 206,000. U.S. Treasury yields..
Yahoo Finance
3. August 2024 um 00:06

Stock Slump Deepens as Japan Falls Most Since 2020: Markets Wrap

Finance
Economy
Politics
Technology
Japanese stocks plunged 5.7% as the yen's strength weighed on exports. Shares fell across Asia amid weak US data and tech earnings. Treasuries rallied, with the two-year yield hitting a 14-month low. The Bank of Japan's policy shift signals likely rate hikes. In China, a central bank adviser urged more stimulus. Oil rose after a previous decline, while gold wavered near record levels.
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