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FuelCell Energy, Nextpower, Wabash, Avis Budget Group, and Novanta shares surged in morning trading following weaker-than-expected U.S. employment data. The Bureau of Labor Statistics reported that nonfarm payrolls rose by only 29,000 in September, significantly below expectations, which led to a cooling of Treasury yi
A weak jobs report usually worries Wall Street, but on Friday, it sent stocks higher. The U.S. economy added just 29,000 jobs in September, far below the 90,000 economists had expected, the Bureau o f Labor Statistics said. The previous two months were revised lower. August payrolls were cut to 133,000 from 162,000. Ju
August PCE inflation rose 0.3% month-on-month and 3.4% year-on-year, below expectations. Core PCE rose 0.2% monthly and 3.3% annually, also cooler than predicted. Second-quarter GDP was revised up to a 2.2% annualized rate, while September private sector jobs added by ADP surged to 90,000, exceeding forecasts.
EXECUTIVE SUMMARY * TRUMP HAILS IRAN TALKS EVEN AS TEHRAN SETS 'FIRM POSITIONS': #0244e48b-2945-4b3b-8085-728a924ddf38 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH: WSJ: #cddd3044-ae77-4efa-9233-fb28b1e6f368 * NAGEL SAYS 'VIGILANT' ECB MAY NEED MILDLY RESTRICTIVE RATES: #13be4029-5b8c-40
U.S. stocks ended the week mixed after August jobs data beat expectations, with employers adding 162,000 positions and unemployment holding at 4.1%, boosting bets the Federal Reserve could raise rates in September.