{"id":533349,"date":"2022-12-29T20:19:21","date_gmt":"2022-12-29T17:19:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dow-jumps-as-jobless-claims-data-eases-rate-worries\/"},"modified":"2022-12-29T20:19:21","modified_gmt":"2022-12-29T17:19:21","slug":"dow-jumps-as-jobless-claims-data-eases-rate-worries","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dow-jumps-as-jobless-claims-data-eases-rate-worries\/","title":{"rendered":"#Dow jumps as jobless claims data eases rate worries"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28b008e4708\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28b008e4708\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-jumps-as-jobless-claims-data-eases-rate-worries\/#%E2%80%9CDow_jumps_as_jobless_claims_data_eases_rate_worries%E2%80%9D\" >&#8220;Dow jumps as jobless claims data eases rate worries&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CDow_jumps_as_jobless_claims_data_eases_rate_worries%E2%80%9D\"><\/span>&#8220;Dow jumps as jobless claims data eases rate worries&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/dow-nasdaq-stocks.jpg?quality=90&amp;strip=all\" \/><\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>Wall Street\u2019s main indexes ended higher on Thursday, led by growth\u00a0stocks\u00a0in light trading, as unemployment data signaled the Federal Reserve\u2019s interest rate hikes might be starting to dent labor market strength in its bid to fight inflation.<\/p>\n<p>The Dow Jones Industrial Average\u00a0soared 345.09 points, or 1.1%, to 33,220.80, the S&amp;P 500 was up 1.8% and the Nasdaq shot up 2.6%.<\/p>\n<p>\u201cIt\u2019s just relief,\u201d said Keith Buchanan, portfolio manager at GLOBALT Investments in Atlanta. \u201cSelling pressure has been overwhelming the market recently and we could be having a break. That allowed room for\u00a0stocks\u00a0to move, and with lower volume (that) can materialize into a pretty good day.\u201d<\/p>\n<p>Shares\u00a0of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>le, Alphabet, Microsoft\u00a0and Amazon all rose nearly 3% following declines in the past few sessions.<\/p>\n<p>The Labor Department\u2019s report showed initial claims\u00a0for unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for the week ended Dec. 24. Economists polled by Reuters had forecast 225,000 claims for the latest week.<\/p>\n<p>The report hinted at some softening in an otherwise tight labor market, bolstering hopes that the US central bank would dial down its aggressive monetary policy stance.<\/p>\n<p>\u201cSigns of the job market beginning to weaken is certainly apparent,\u201d said Peter Cardillo, chief market economist, Spartan Capital Securities LLC.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>\u201cWe\u2019re at the end of the year and of course, the market has not performed well. We\u2019re seeing some bargain hunting coming in today.\u201d<\/p>\n<p>Traders held on to bets of a 25 basis point rate hike from the Federal Reserve in February and see rates peaking at 4.92% in June 2023.\u00a0<\/p>\n<p>The Cboe Volatility Index, known as Wall\u00a0Street\u2019s\u00a0\u201cfear gauge,\u201d slipped, signaling an easing in investor anxiety.<\/p>\n<p>A strong labor market and resilient American economy have fueled worries that interest rates could stay higher for longer even though easing inflationary pressures keep alive hopes of smaller increases.<\/p>\n<p>The Fed\u2019s aggressive rate hikes have\u00a0hammered equities this year, with the benchmark S&amp;P 500\u00a0shedding 19.6% and tech-heavy Nasdaq losing nearly 33% in value.<\/p>\n<p>Wall Street\u2019s main indexes\u00a0dropped over 1%\u00a0on Wednesday, with the Nasdaq\u00a0hitting a 2022 closing low as rising COVID cases in China and geopolitical tensions added to fears of a likely recession in 2023.<\/p>\n<p>However, investor preference for high-dividend yielding\u00a0stocks\u00a0with steady earnings have staved off a steeper decline in the industrials-heavy Dow Jones, which is down just 8.8% on the year.<\/p>\n<p>Tesla shares\u00a0rose 8.1% to 121.82 after Chief Executive\u00a0Elon Musk told staff\u00a0they should not be \u201cbothered by stock market craziness.\u201d The stock is still down 69% for\u00a0the year.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/12\/29\/dow-jumps-as-jobless-claims-data-eases-rate-worries\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Dow jumps as jobless claims data eases rate worries&#8221; Wall Street\u2019s main indexes ended higher on Thursday, led by growth\u00a0stocks\u00a0in light trading, as unemployment data signaled the Federal Reserve\u2019s interest rate hikes might be starting to dent labor market strength in its bid to fight inflation. The Dow Jones Industrial Average\u00a0soared 345.09 points, or 1.1%,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":533350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/dow-nasdaq-stocks.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[137779,73977,5069,70550,72388,70359],"class_list":["post-533349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-12-29-22","tag-dow-jones-industrial-average","tag-economy","tag-federal-reserve","tag-stock-market","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/533349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=533349"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/533349\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/533350"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=533349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=533349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=533349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}