Investors received more ammunition Thursday that the Federal Reserve could eye more rate hikes at future FOMC meetings after lower-than-expected jobless claims.
Get Philly local news, weather forecasts, sports and entertainment stories to your inbox.Renewed fears over more rate hikes from the Federal Reserve were further justified as initial jobless claims came in at 216,000 — lower than the 230,000 anticipated by economists polled by Dow Jones.
The three major indexes are on pace for weekly losses, with the S&P 500 down 1.4% and the Nasdaq Composite off by 2%. It will be the first negative week in three for the two indexes. The Dow is tracking for a nearly 1% loss on the week.
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.
Stock-market investors just got reminded that the inflation fight isn't overThe eighth month of expansion in the U.S. services sector is giving way to another round of worry about inflation in financial markets.
Read more »
5 things to know before the stock market opens ThursdayHere are the most important news items that investors need to start their trading day.
Read more »
Jim Cramer's top 10 things to watch in the stock market ThursdayStocks are poised to open lower Thursday, while the market looks to China's reported ban on iPhones for government workers.
Read more »
How major US stock indexes fared Thursday, 9/7/2023Wall Street slipped on worries a too-warm economy will push the Federal Reserve to keep interest rates higher for longer.
Read more »
Netflix Inc. stock falls Thursday, underperforms marketShares of Netflix Inc. sank 0.59% to $443.14 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones...
Read more »
Bank of America Corp. stock underperforms Thursday when compared to competitorsShares of Bank of America Corp. slid 0.92% to $28.13 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow...
Read more »