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Economic Concerns Mount as Stock Market Fluctuates Amid Weak ...
2024-09-05 05:50:09
Economy
Stocks
Markets

Economic Concerns Mount as Stock Market Fluctuates Amid Weak Data

Stocks tumble as fears of economic slowdown heighten with weak jobs report and manufacturing figures. Job openings hit a three-year low, fueling worries of a potential recession.

Bond yields decline, with traders anticipating aggressive Fed rate cuts. Analysts predict a 10% stock market correction by early October due to bearish factors.

Amidst geopolitical uncertainties, September proves to be a challenging month for equities, with market direction unclear despite past strong performance.

Related news on that topic:

Stocks Plunge as Economic Concerns Mount and Tech Companies ... Disappoint

Stocks across major indexes experienced a significant drop as economic fears intensified and tech companies, including Nvidia and chip index PHLX, disappointed investors. Apple also saw a decline of 3%, resulting in a loss of $95 billion in market value. The Dow Jones fell by 1.5%, while oil prices plummeted by 5%. China's manufacturing slowdown further exacerbated economic concerns. Investors attributed the broad selloff in the S&P 500 and Nasdaq to factors such as volatility in presidential election years, post-Labor Day trading patterns, and apprehensions regarding an economic slowdown and weakness in AI and chip manufacturing. The August jobs report, Federal Reserve rate decision, ISM manufacturing metric, and the CME FedWatch Tool's indication of higher odds of a 50 basis point cut were among the focal points for investors. This downturn marks a setback for the recent market rally that had brought the S&P 500 within reach of a record.

Market Turmoil Looms Amid Rising Rates and Economic Concerns

Recent events, including the unwinding of the yen carry-trade, Japan's central bank rate hikes, US labor market weaknesses, and tech sector struggles, point towards potential market chaos despite positive economic indicators. The fear of recession and a stock market crash lingers as Asian stocks tumble due to AI concerns and US selloffs. Market volatility is exacerbated by the yen carry trade and economic uncertainties in Australia and China. Meanwhile, a mix of factors like weakening tech stocks, global growth worries, and geopolitical tensions contribute to the apprehension among investors. With Hong Kong stocks hitting a 3-week low and ongoing fluctuations in stock indices worldwide, the specter of market turmoil looms as rates rise in Japan.

Read 13 more recent news on this topic

The press radar on this topic:

The Street
5. September 2024 um 22:03

Morgan Stanley, JPMorgan lay out stock-market views TheStreet Daily Newsletter

Finance
Economy
Analysts warn that September is historically the weakest month for equities, adding to the market's challenges. JPMorgan's Matejka says sentiment and positioning indicators look unattractive, and political and geopolitical uncertainties remain elevated. Despite the S&P 500's strong year-to-date performance, the market's future direction remains uncertain.
The Street
6. September 2024 um 10:04

Stock Market Today: Stocks extend slide amid growth worries, tech slump TheStreet Daily Newsletter

Finance
Economy
Technology
Stocks extend September slide amid tech selloff, volatility surge. Nvidia loses $280B, VIX jumps 40%+. U.S. futures, European stocks decline; investors await ADP, NFP labor data.
Inc.com
4. September 2024 um 21:30

U.S. Job Openings Hit 3-1/2-Year Low as Labor Market Eases

Economy
Politics
Finance
U.S. job openings fell to 3.5-year low in July, with declines in healthcare, state/local govt, transportation, but increases in professional services, federal govt. Job openings rate dropped to 4.6%, hires rate rose to 3.5%, layoffs rate increased to 1.1%. Trade deficit widened 7.9% to $78.8B, driven by 2.1% surge in imports, including record-high capital goods imports. GDP growth estimate lowered to 2.5%, but imports strength signals resilient domestic demand. Plans for steeper tariffs on Chi..
Yahoo Finance
5. September 2024 um 03:37

Stocks could see a 10% correction by early October on a trifecta of bearish factors, strategist says

Finance
Economy
Jeff DeGraaf of Renaissance Macro Research predicts a 10% stock correction by early October due to a trifecta of bearish factors. He monitors the Nasdaq 100 at 17,000 and the S&P 500 at 5,120 for potential support retests. DeGraaf notes high bullish sentiment and historical September stock market trends. Technology stocks may underperform post-Fed rate cut. Expect further weakness in late September to early October, potentially causing panic among investors.
Yahoo Finance
5. September 2024 um 04:08

Aktienmarkt heute: Indizes enden gemischt, da schwache Stellenausschreibungen Bedenken vor dem Augustlohnbericht schüren

Finanzen
Wirtschaft
Die US-Aktien fielen am Mittwoch, da schwache Arbeitsmarktdaten die Befürchtungen über die Wirtschaft verstärkten; die Leitindizes und die Anleiherenditen gaben nach. Die Stellenausschreibungen im Juli lagen unter den Erwartungen und erreichten ein Drei-Jahres-Tief. Die Daten verstärken die Bedenken, die durch die Herstellungszahlen vom Dienstag aufkamen. Die Renditen sanken, wobei die Rendite der 10-jährigen Staatsanleihe auf 3,761% fiel. Die Händler sind besorgt über eine mögliche Rezession..
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