Stocks Rebound After Selloff As October Hiring Slump Fuels Interest Rate Cut Bets: 10 ETFs To Watch Friday
Tokyo stocks bounced back in early trade on august 6 following a historic selloff on worries over the us economy and a stronger yen. Wall street’s major indexes closed higher on friday, recouping some ground lost earlier this week, as investors flocked back to tech megacaps that had triggered broad sell. Major indexes inched lower thursday, putting the brakes on a rally that had sent stocks to record highs in recent days, as investors digested closely watched economic data. A hiring freeze in october lifted market expectations for a federal reserve interest rate cuts, providing relief to u. s. Stocks after thursday's decline.
Stocks rebound after selloff as october hiring slump fuels interest rate cut bets: 10 etfs to watch friday. Nov 1, 2024 14:17 utc. Equity etfs rise on rising. A hiring freeze in october lifted market expectations for a federal reserve interest rate cuts, providing relief to u. s. Stocks after thursday's decline. Economy added only 12,000. A strike at boeing and a pair of major hurricanes curbed employment gains in october as the u. s. Added a paltry 12,000 new jobs, temporarily.