Stock Market Today: Markets React as Investors Brace for Job Data
US stocks edged lower on Monday as investors prepare for a wave of employment data this week. Job openings data on Tuesday, the ADP employment report on Wednesday, initial jobless claims on Thursday, and the September jobs report on Friday are on the docket this week for investors to parse through. Economists expect about 145,000 jobs added to the economy in September, with the unemployment rate staying flat at 4.2%. With the Fed shifting its focus from inflation to the jobs market, the employment data could have a sizable impact on the future path of interest rate cuts. Here’s where US indexes stood at 9:55 a.m. on Monday:
Current Market Overview
- S&P 500: Sinking as investors brace for future trends.
- Dow Jones Industrial Average: Experiencing slight declines amidst speculation.
- Nasdaq 100: Volatility present ahead of major reports.
Global Market Movements
Overseas, investors saw extreme price moves in Asian stock markets on Monday. The CSI 300 soared 8.5% on Monday in its best day since 2008, after the China government announced various stimulus measures aimed at revitalizing its economy. That's in addition to a 16% surge in the index last week.
On the flip side, Japan's stock market, as measured by the Nikkei 225, tumbled about 5% on Monday as investors reacted to its ruling party choosing Shigeru Ishiba as the country's next Prime Minister.
Wider Implications for Investors
Here’s what else is going on: In commodities, bonds, and crypto:
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.