What’s happening On Thursday, the Dow Jones Industrial Average DJIA fell 10 points, or 0.03%, to 33120, the S&P 500 SPX declined 6 points, or 0.13%, to 4258, and the Nasdaq Composite COMP dropped 16 points, or 0.12%, to 13220.
What’s driving markets The U.S. jobs report for September is due for release at 8:30 a.m. Eastern, with expectations for a 170,000 rise in payrolls and an unemployment rate of 3.7%. It’s the last jobs report before the Federal Reserve’s next interest-rate decision due on November 1. “And since pricing for another rate hike this year has kept oscillating above and below 50% , today’s reading will be important in determining if another hike remains on the table,” said Henry Allen, a strategist at Deutsche Bank.
The stock market has been yanked around this week by labor market data, falling sharply on a report showing a surprise rise in job openings, then rising on a report of slowing private sector payrolls from ADP, and then easing once more after another low reading on weekly jobless benefit claims. Besides the jobs report, a report in the Wall Street Journal that Exxon Mobil XOM, -2.25% is near a $60 billion deal buy shale oil driller Pioneer Natural Resources PXD, -0.17% may color energy stocks on Friday.
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.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »