Stocks Sustain Sharp Losses on Recession Fears; Bonds Rally
With economy weakening, the question of a recession is back on the table.
With economy weakening, the question of a recession is back on the table.
A quiet week on Wall Street coupled with an average Nvidia earnings report, points focus at August jobs report being released on Friday.
Job gains revision shows 30% less jobs than previously reports, as recession seems no longer likely.
Although the markets were strong this week, a recession still not out of the question.
Despite a bloody Monday, a recession does not seem likely with strong comeback from US markets.
Markets drop for third consecutive week, as Fed is almost certain to drop interest rates.
Home sales drop to lowest since beginning of Covid, as fed considers cutting interest rates.
Inflation rate drops to the lowest in years, as interest rate cut seems likely.
Unemployment rises to highest level since 2021, giving Fed additional cause to cut interest rates.
Investors not concerned about Fed interest rate hikes, as soft inflation data adds confidence.
Tech stocks down while retail sales rise.
With inflation below expectation, PPI shows inflation values below investors' expectations.
Jobs report exceeds expectation as three inflation-related reports occur this week.