Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Stock Market»Stock Market Today: Dow logs record close, but Nasdaq slumps 0.9% as tech stocks drop
    Stock Market

    Stock Market Today: Dow logs record close, but Nasdaq slumps 0.9% as tech stocks drop

    August 26, 20242 Mins Read


    Last week, Federal Reserve Chair Jerome Powell indicated during his speech at the Jackson Hole Economic Symposium that the central bank would be paying close attention to the labor market when determining its monteary policy.

    As a result, investors will likely be scrutinizing any coming employment data in order to determine the scope of the Fed’s indicated interest-rate cuts.

    However, Brian Rose, senior U.S. economist at UBS, has urged caution to investors examining weekly jobless claims.

    “Markets have started to focus more on weekly jobless claims. There is a lot of noise in this data and it is notoriously difficult to make the right seasonal adjustments,” he wrote in a note.

    He added that while weekly jobless claims can provide early detection for a rise in layoffs, unemployment remains at historically low levels. And even if the labor market is cooling, that would be after the notably hot job market that arose after the COVID-19 pandemic.

    “Claims appear to be on a rising trend, but we could have said the same a year ago, and like the unemployment rate, the level of claims is still low from a historical perspective,” Rose wrote. “The jury is still out, in our view, and we caution against overreacting to any one week’s worth of data.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    ThingX Technology Launches Nuna Pendant This 2025Q3: The World’s First AI Emotion-Tracking Pendant

    Stock Market

    The Motley Fool: Invest in diversified dividends

    Stock Market

    10 Best Dividend Penny Stocks to Buy According to Analysts

    Stock Market

    How technology in the FCS might affect a team’s preparation and in-game adjustments

    Stock Market

    If I Could Only Buy 1 S&P 500 Stock From Each Sector for the Rest of 2025, I’d Go With These 11 Dividend Stocks

    Stock Market

    The agricultural renaissance: Modern farming, technology, and new crops

    Stock Market
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Le Sénégal engagé dans un bras de fer avec le pétrolier Woodside Energy

    Stock Market

    Klarna is about to open a technology center in Madrid – FF News

    Cryptocurrency

    Cryptocurrency boss’s daughter escapes kidnap gang in Paris street

    Editors Picks

    Michael Saylor Breaks Silence on Key Flaw of Bitcoin By U.Today

    August 11, 2024

    Trump set to freenlight crypto in 401(k)s, Bitcoin rallies on retirement reform push

    August 7, 2025

    9 Best Investments According to Pros

    July 24, 2025

    Bentonville becomes America’s next real estate hot spot

    October 14, 2024
    What's Hot

    Agricultural Output Price Index up 20.8% in the 12 months to March 2025 – CSO

    May 14, 2025

    Why More Aussies Are Switching to Digital Forex Platforms

    July 5, 2025

    St. Vrain Valley School District ballot issue 5C: Capital improvement bond issue

    October 13, 2024
    Our Picks

    Is Your Cryptocurrency Safe? How to Shield Digital Assets

    March 21, 2025

    Vizsla Silver fournit une mise à jour sur son programme d’actions au prix du marché

    April 28, 2025

    Land and Water Conservation Fund (U.S. National Park Service)

    July 10, 2024
    Weekly Top

    Your energy drink habit may lead to debilitating nerve damage – and it takes far less than you’d think to reach a toxic overdose

    August 24, 2025

    Which Cryptocurrency Is More Likely to Be a Millionaire Maker? Dogecoin vs. Solana

    August 24, 2025

    Gujarat emerges as India’s copper hub, amid soaring demand from sunrise sectors – Industry News

    August 24, 2025
    Editor's Pick

    Adam Silver espère que les Blazers resteront à Portland

    July 16, 2025

    New Cryptocurrency Releases, Listings & Presales Today – Lumora, Sage Union, Mito

    May 1, 2025

    Mortgage servicing fintech Haven partners with AI startup Kastle

    October 22, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.