Stocks cut some losses in afternoon trading after dropping on the back of labor data as investors looked to the upcoming Federal Reserve meeting. The Dow gained 0.10%. The S&P 500 shed 0.12%. The Nasdaq was down 0.18%.
Materials, industrials, consumer staples and health care turned positive and helped theMaterials was performing the best of the index's 11 sectors, gaining 1%. Industrials, consumer staples and health care followed in line, trading up 0.4%, 0.2% and 0.1%, respectively,
He said the data may initially "spook" investors because it could point to the economy not contracting enough. But Doty said Fed Chair Jerome Powell and the rest of the central bank understand that Congress has a role to play in encouraging work as strength in wages can be tied to the labor shortage.
The bank downgraded shares of Blackstone to equal weight from overweight. It also cut the stock's price target to $90 from $98, now implying an upside of nearly 6%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla delivers its first electric Semi trucks promising 500 miles of range | CNN BusinessTesla made the first deliveries of its Semi truck to customers Thursday evening, five years after the heavy-duty hauler was first unveiled. The event included two truck cabs decked out in the livery of Pepsi and Frito-Lay, PepsiCo's snack foods subsidiary.
Read more »
Watch Fully Loaded Tesla Semi Cover 500 Miles On A Single ChargeThe Tesla Semi's 500-mile test run took place on November 25 at highway speed from Fremont to San Diego, with no stops for charging and only one restroom break.
Read more »
Tesla Semi Truck Drives 500 Miles Fully LoadedTesla released a timelapse video of one of its all-electric Semi trucks driving a 500-mile journey while carrying 82,000 pounds, a full load.
Read more »
Right-wing operatives sentenced to 500 hours of voter registration for 2020 election robocall schemeA pair of right-wing provocateurs were sentenced to spend 500 hours registering voters after pleading guilty to telecommunications fraud in connection with robocalls made before the 2020 election.
Read more »
S&P 500 futures fall slightly as investors await Friday's U.S. jobs dataInvestors are looking ahead to the November jobs report for insight on how the Federal Reserve may proceed with its interest rate hikes.
Read more »
Biden's November gaffe average: the president hits .500President Biden averaged a half a gaffe per workday in his birthday month of November — a slump in batting average compared to his nearly once a day hot streak in October.
Read more »