Rafael Nam
👤 SpeakerAppearances Over Time
Podcast Appearances
The September jobs report was supposed to have come out on October 3rd, but it will now be released on Thursday.
Although late, it will still provide investors with an important look at the state of the labor market earlier in the fall.
But the Bureau of Labor Statistics has not said if or when it will release a jobs report or inflation data for October, both of which were also held back because of the shutdown.
And turning to the corporate sector, investors this week will also get earnings from chip giant Nvidia, while results from Walmart's earnings should give investors a good glimpse about consumer spending in light of President Trump's tariffs.
The Nasdaq sank as investors grew a little skittish about whether AI companies have gained too much.
Investors are also waiting to see what will happen with the economic data the government was unable to release during the shutdown.
and they're wondering whether the Federal Reserve will continue to cut interest rates for a third consecutive time later this year.
The Dow tumbled nearly 800 points after closing Wednesday above 48,000 for the first time.
It was one of those days where there's no one major thing that can fully explain the market declines.
Instead, it was a day for investors to catch a breath after the record-setting rally we've seen in markets.
On Wednesday, for example, the Dow closed above 48,000 points for the first time.
And investors are also waiting to see what will happen with the economic data the government was unable to release during the shutdown.
Meanwhile, the Nasdaq index also fell as technology shares retreated.
The end of this tiny little coin had already been announced by President Trump back in February.
Producing each penny was costing the US government nearly four cents, and ending production would save the US more than $50 million a year.
But the move to face at the penny has been a big pain for many retailers and banks, which are struggling to provide exact change.
After all, pennies remain legal tender, meaning that they can still be used.