Wall Street headed sharply lower again after Japan's Nikkei index tumbles to worst loss since 1987
www.voanews.com
S&P 500 futures are down 3.1% and Nasdaq futures are sinking 4.7%
  • @kescusayEnglish
    16•5 months ago

    I will never understand why some people think the stock market is predictable. Or sane.

    This particular downturn seems to have been caused by a jobs report showing that the U.S. added plenty of new jobs this quarter. Oh wait, excuse me, let me rephrase that… The U.S. added plenty of new jobs, but not as many as economists were predicting.

    And apparently, that’s enough reason to freak the fuck out and sell all your stock for a lot of investors.

    • @EmpathicVagrant
      1•5 months ago

      Every company I’ve worked with in the last ten years has been cutting jobs, rather than staffing out they prefer skeleton crews.

    • @[email protected]OP
      1•5 months ago

      Sadly, I don’t believe there will be any cuts in 2024, I believe they will cut in 2025 but that is just my opinion.

        • @[email protected]OP
          1•5 months ago

          From now till September, I believe the stock is expected to stabilize, on the other hand the inflation is still higher than 2%.

          That is why I don’t expect that they will lower the rate as it would be kind of unexpected move to lower it this early.

          • @[email protected]
            2•5 months ago

            Yeah but unemployment is on the rise lately, the newer numbers look worse than expected. Many in the finance world expect a quarter cut just because of that.

            It’s a balancing game and economic indicators aren’t working as great as they used to… so it’s anyone’s guess.