Stock Market News: S&P 500 gains as monthly pay growth slows

"A lower unemployment rate and weaker average hourly earnings growth is certainly going to get equity market bulls' attention," Seema Shah, chief global strategist at Principal Asset Management, in a note.

"Yet, with the unemployment rate back to the historic low of 3.5%, how realistic is it to expect wage growth to move meaningfully lower? The Fed will likely be skeptical," Shah added."And so, with the record low unemployment rate indicating that there is still so much work ahead of them, Fed policy rates are set to rise above 5% within just a few months and a hard landing looks to be the most likely outcome this year.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market outlook: Investors clinging to the S&P 500 aren't safeInvestors clinging to the S&P 500 aren't safe and should get out of crowded trades and into other areas like small caps, Bank of America's top stock strategist says
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market outlook: Leon Cooperman sees slim odds of S&P 500 revivalBillionaire investor Leon Cooperman expects losses for US stocks in 2023: 'Anybody looking for a new bull market is looking the wrong way'
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock Market News Today: Dow Gains 300 Points After December Jobs ReportStocks rallied as December labor-market data showed cooling wage growth and stronger-than-expected hiring
Source: WSJ - 🏆 98. / 63 Read more »

STOCK MARKET NEWS: Bed Bath & Beyond’s grave warning, Amazon job cuts, Walgreen’s earningsADP jobs data surprises, Walgreen's mixed quarter, Amazon cutting 18,000 jobs joining wave of tech layoffs and DOJ looks to seize $465 million in Robinhood shares connected to FTX. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. Being destroyed by Unions!They force contracts with GM, Chrysler, Ford that you can not lay off a Union Thug! They have supply issues! Solution - keep manufacturing incomplete vehicles! Ford has 40,000 vehicles parked and just lost $1,009,000,000! No Layoffs? No Dimm Bailouts! Yeah! Why don’t you call out King Biden! On his own, with massive bribes, gifted mobster(Teamster) pension plan $36,000,000,000! Thank you uncle Joe 😒
Source: FoxBusiness - 🏆 458. / 53 Read more »

Stock market news today: Strong jobs data suggests more hawkish Fed movesUS stocks fall as strong jobs data dashes hopes for a swift change to aggressive Fed policy
Source: BusinessInsider - 🏆 729. / 51 Read more »