|
Economy
|
Market Turmoil: Asian and US Stocks Stumble Amid Economic ...
2024-09-09 05:50:08
Markets
Stocks
Economy

Market Turmoil: Asian and US Stocks Stumble Amid Economic Concerns

Asian markets faltered following Wall Street's worst week in 18 months, triggered by the U.S. jobs report and fears over the Federal Reserve's rate policies. Tech giants like Broadcom and Nvidia dragged down the Nasdaq, while rising oil prices added to the turmoil.

The jittery market sentiment spreads as Chinese stocks face downgrades and Hong Kong's stocks hit a three-week low, amplifying concerns over global growth. Amidst the market turbulence, uncertainties loom over the US economy, tech shares, and the effectiveness of stimulus measures in China.

Investors navigate volatile waters as they scrutinize economic data, earnings reports, and central bank actions for signs of stability amidst the prevailing market uncertainty.

Related news on that topic:

Market Turmoil: Global Concerns Drive Selloff

Asian markets are on edge mirroring Wall Street's decline, spurred by worries over U.S. economic prospects and policy decisions. China's upcoming inflation data, Japan's GDP revision, and Taiwan's trade numbers are under scrutiny alongside caution from foreign investors towards Asian equities, particularly Chinese stocks at a low. Falling oil and commodity prices reflect escalating unease about the global economic landscape. Yi Gang, former central bank governor, advocates for aggressive fiscal and monetary measures in China to counter deflation. Traders are focused on job market trends over CPI, anticipating heightened volatility after S&P 500's recent sharp decline in anticipation of the crucial August jobs report impacting Fed decisions.

Market Fluctuations: Soft Jobs Data Impact Stock Futures

US stock futures dip as weak labor figures fuel recession concerns and rate cut speculation. Nasdaq and Dow futures slide ahead of crucial job report. AI sector trends under scrutiny post-C3.ai and HPE stock movements. International markets await US employment data with uncertainty. Oil prices and bond yields react as investors anticipate Fed's next moves. Notable stock movements include Boeing's decline and Unity Software's surge.

Read 5 more recent news on this topic

The press radar on this topic:

The Street
10. September 2024 um 11:04

Nonfarm-payrolls report weighs on midday market. Here are 3 stock movers. TheStreet Daily Newsletter

Finance
Economy
Technology
The stock market is down, with the S&P 500 falling 1.8% and the Nasdaq Composite down 2.7%. The decline follows a worse-than-expected nonfarm-payrolls report. Broadcom reported strong Q3 results, driven by AI semiconductor solutions, including Ethernet networking and custom accelerators for AI data centers, as well as VMware, but provided weaker-than-expected Q4 guidance. Super Micro Computer dropped after a JPMorgan downgrade due to concerns about the company's regulatory compliance and poten..
The Street
10. September 2024 um 21:05

After a drubbing, market searches for its mojo TheStreet Daily Newsletter

Finance
Economy
September stock market decline; S&P 500 down 4.3%, Nasdaq down 5.77%; tech stocks like Nvidia (NVDA), Meta Platforms (META), Tesla (TSLA) hit hard; Apple's product event; Gamestop (GME), Adobe (ADBE) earnings reports; focus on CPI, PPI, Fed meeting; economy slowing but not contracting; Oracle earnings expected to be strong; S&P 500 200-day moving average support; Nasdaq RSI oversold; S&P 500 down 4.6% from July 16 peak, Dow down 3% from August 30 peak; S&P 500 had 4.7% decline in September 2022.
Yahoo Finance
9. September 2024 um 11:15

Stocks Drop as Jobs Data Adds to Case for Fed Cuts: Markets Wrap

Finance
Economy
Politics
US jobs data raises concerns about Fed rate cuts; Asian stocks slip amid fears of global downturn; Japan's economy expands, Bank of Japan on track to raise rates; Alimentation Couche-Tard takeover offer for Seven & i Holdings; Treasury Secretary Janet Yellen sees no 'red lights' for US economy; US inflation data, Fed policymaker comments in focus; Oil prices rise after Friday's drop; commodity markets under pressure; story produced with Bloomberg Automation, assistance from Georgina McKay.
Companies - South China Morning Post
9. September 2024 um 02:43

Hong Kong stocks hit 3-week low as China inflation data fuels worries about growth

Finance
Economy
Politics
Hong Kong's Hang Seng Index, Tech Index fell 1.7%, 1.5% as of 10:10am; Shanghai Composite lost 0.7%; weak China inflation, with CPI up 0.6% and PPI down 1.8%; Alibaba, JD.com, Tencent declined; mainland developers Longfor, China Resources Land fell; export growth to slow, import growth to plunge.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.ai

infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact