Tag Archives: jump

U.S. employers added back far more jobs than expected in January even as Omicron cases surged at the beginning of the new year. The Labor Department released its January jobs report Friday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Non-farm payrolls: +467,000 vs. +125,000 expected and a revised +510,000 in December Unemployment rate: 4.0% vs. 3.9% expected, 3.9% in December Average hourly earnings, month-over-month: 0.7%… Source link

Stock futures opened sharply higher Thursday evening as investors looked ahead to a key new report on the labor market and considered a fresh set of earnings results from several major index components. Contracts on the S&P 500 gained more than 1% as the overnight session kicked off. Nasdaq futures also jumped. Earlier, the Nasdaq Composite index sank by 3.7% for its worst single-day decline since September 2020. Oil prices also remained in focus on Thursday as U.S. West Texas intermediate… Source link

(Bloomberg) — Amazon.com Inc. reported a strong holiday quarter, calming Wall Street’s concerns that the company was headed for a slowdown. Most Read from Bloomberg Profit beat expectations, helped by the cloud-computing division, and investors cheered a price hike for the company’s Prime subscription service. The shares jumped as much as 19% in extended trading. The reaction highlights the importance of Amazon’s diversification from its e-commerce roots. Online store sales actually… Source link

Stocks rose Wednesday as investors eyed a new report on inflation, which showed another decades-high rate of price increases across the recovering economy. Still, this came a day following remarks from Federal Reserve Chair Jerome Powell reasserting that the central bank would step in as needed to rein in rising prices.   The Bureau of Labor Statistics’ December Consumer Price Index (CPI) showed prices rose at a 7.0% year-over-year rate at the end of 2021, marking the fastest increase since… Source link

(Bloomberg) — Intel Corp. plans to list shares of its Mobileye self-driving car business by the middle of next year, letting the chipmaker capitalize on its investment in a burgeoning industry. Most Read from Bloomberg Intel will remain the majority owner after the transaction, which involves an initial public offering of newly issued Mobileye stock, the company said in a statement Monday. Mobileye’s executive team, led by Amnon Shashua, also will stay on board. News of the move, first… Source link

One in five Canadians plan to take advantage of Black Friday sales this year, a new Yahoo/Maru public opinion poll shows, with the younger cohort driving most of the shopping.  The survey found that 21 per cent of Canadians intend to purchase goods this upcoming Black Friday, which would be a pullback in shoppers versus last year, amid the uncertainty of the COVID-19 pandemic. According to the poll, 25 per cent of Canadians made a purchase in relation to Black Friday in 2020.  Younger… Source link

Stocks on Monday extended a record-setting streak of gains on Wall Street, opening at new highs as traders looked ahead to a slew of new inflation data and earnings results in the coming days. At the opening bell, the Dow, S&P 500 Index and Nasdaq all notched fresh highs, carried by last week’s momentum when all three major indexes jumped to their best levels ever. Optimism over a batch of strong corporate profit reports, a better-than-anticipated October jobs report and a Federal Reserve… Source link

McDonald’s (MCD) on Wednesday reported third quarter earnings results that topped Wall Street’s expectations, boosted by strong sales growth across the board as customers were enticed by a range of new menu items, even amid a resurgence of COVID-19 cases worldwide.  Here’s the Golden Arches reported, compared to Wall Street estimates , according to a Bloomberg consensus estimate: Revenue: $6.20 billion versus $6.03 billion expected Adj. earnings per share (EPS): $2.76 (excluding special items)… Source link

(Bloomberg) — Most Asian stocks and U.S. futures slid Monday as surging energy prices cemented worries about inflation, sending bond yields higher. Most Read from Bloomberg MSCI Inc.’s gauge of Asia Pacific shares was on track for its first decline in four sessions as equities dropped in Japan, Hong Kong and China. U.S. contracts dipped after American stocks advanced on Friday, with the S&P 500 chalking its best week since July as earnings buoyed sentiment. Bond yields in New Zealand and… Source link

(Bloomberg) — Most Read from Bloomberg Bitcoin jumped, rising in a matter of minutes to its biggest daily gain since July, and other digital currencies surged in a shock rally that followed the largest monthly decline since May. The largest cryptocurrency by market value rose as much as 10% to $47,884 early in New York trading before paring gains. Ethereum, Litecoin and EOS also jumped, with the Bloomberg Galaxy Crypto Index rising as much as 8.9%. Bitcoin had slumped 7.6% in September amid… Source link