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Thursday in review: Major indexes mostly treaded water today before closing lower yesterday ahead of today's pivotal November nonfarm payrolls report Still, the S&P 500 index posted another intraday high amid strength in consumer discretionary firms, including airlines, on economic exuberance The consumer discretionary sector is up more than 19% over the past 30 daysWalmart Inc
topped fourth-quarter earnings estimates as the retailer says shoppers remain “choiceful” Joe Feldman, senior research analyst at Telsey Advisory Group examines the results To view the video, please click on the following link:All expressions of opinion are subject to change without notice in reaction to shifting market conditions Data contained herein from third-party providers is obtained from what are considered reliable sources
However, its accuracy, completeness, or reliability cannot be guaranteedMorgan Stanley said the results, plus an improved full-year forecast from the company, “left little for the bears to point to, with US growth stabilizing women’s and China accelerating The firm reiterated its overweight rating and raised its price target to $414The preliminary December University of Michigan Consumer Sentiment report rounds out the data week shortly after the open
A slight bump from November is expected, according to Briefingcom Analysts expect a headline of 735, up from 71
8 last month The year-ahead inflation number is also in focus after it fell to a nearly four-year low of 26% in November(Friday market open) U
S jobs growth revived in November to 227,000, the government said in its nonfarm payrolls report, near the average analyst estimate and a major leap from October's storm-rattled weaknessTransparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data
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We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research
Read our editorial policy to learn more about our process(Friday market open) US jobs growth revived in November to 227,000, the government said in its nonfarm payrolls report, near the average analyst estimate and a major leap from October's storm-rattled weakness
Major US indexes reversed pre-market losses after the report and Treasury yields slipped to near six-week lows Nothing in the report appeared to change ideas that the Federal Reserve could potentially deliver a 25-basis point rate cut later this month
Futures trading now indicates 89% odds of a trim, up from 70% before the dataThis was a mixed report, but there are pockets of weakness, like the unemployment rate ticking up to 42%, said Collin Martin, director, fixed income strategy at the Schwab Center for Financial Research The headline nonfarm payrolls gain of 227,000 was slightly above expectations, but the markets may be focusing more on the household survey that showed a net loss of 355,000, its second straight month of large job losses
Job gains slightly surpassed the average analyst estimate of 218,000 from Bloomberg and included a nice bump in manufacturing sector positions Hourly earnings grew 04% monthly, above the 03% average estimate
Unemployment inched up to 42% from 41% previously, also close to expectations for unchanged Revisions to October brought growth that month up to just 36,000, not enough to salvage much strength in a period battered by hurricanes and worker strikes
In pre-market trading today, futures based on the S&P 500® index (SPX) added 02%, and the Nasdaq-100® (NDX) also climbed 02% Futures based on the Dow Jones Industrial Average® ($DJI) rose 0
1%Dana Telsey, chief executive officer & chief research officer at Telsey Advisory Group, says she's constructive on the retail sector and the consumer She spoke on March 6 on Bloomberg Brief To view the video, please click on the following link:That means that if the AI trade falters on less-than-stellar earnings from Nvidia, investors could feel the impact across their entire portfolio
“Nvidia occupies such a privileged space in investors’ mindsets,” Sosnick says If the company were to spark investor concerns that the AI trade was slowing, “that could have very strong ramifications”How we approach editorial content Maintaining independence and editorial freedom is essential to our mission of empowering investor success We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view
We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research Read our editorial policy to learn more about our process
1% previously, also close to expectations for unchanged. Revisions to October brought growth that month up to just 36,000, not enough to salvage much strength in a period battered by hurricanes and worker strikes.In pre-market trading today, futures based on the S&P 500® index (SPX) added 0.2%, and the Nasdaq-100® (NDX) also climbed 0.2% . Futures based on the Dow Jones Industrial Average® ($DJI) rose 0.1%.Dana Telsey, chief executive officer & chief research officer at Telsey Advisory Group, says she's constructive on the retail sector and the consumer. She spoke on March 6 on Bloomberg Brief. To view the video, please click on the following link:That means that if the AI trade falters on less-than-stellar earnings from Nvidia, investors could feel the impact across their entire portfolio. “Nvidia occupies such a privileged space in investors’ mindsets,” Sosnick says. If the company were to spark investor concerns that the AI trade was slowing, “that could have very strong ramifications.”How we approach editorial content Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Read our editorial policy to learn more about our process.
